Flood Insurance on the Brain in the Aftermath of Sandy

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Encharter Insurance offers insightful flood insurance advice in the wake of Hurricane Sandy.

Encharter Insurance of Massachusetts
Flood insurance policies do not become effective until 30 days after the purchase date. Due to this unique stipulation on the effective date of your average flood coverage, it is crucially important to plan ahead with these policies.

The insurance agents at Encharter Insurance have been getting a lot of questions about flood insurance since Hurricane Sandy hit the Northeast. Your insurance agent is the best resource when you are searching for answers about any type of coverage, but here are just a few helpful hints to spur those conversations on with your resident insurance expert:

Water damage caused by flooding is NOT covered by your homeowners insurance policy. In most cases, your typical home insurance policy only covers water damage that occurs as a result of equipment failure; i.e. a pipe ruptures or an appliance malfunctions. In the event of a flood and without the proper flood insurance coverage, you would be unprotected.

Flood insurance policies will typically protect you against losses due to water damage from a flood, but these losses are subject to your deductible and the flood water must cover at least 2 acres and/or affect at least two adjacent properties, one of which is the insured’s.

Flood insurance policies do not become effective until 30 days after the purchase date. Due to this unique stipulation on the effective date of your average flood coverage, it is crucially important to plan ahead with these policies.

“As insurance agents, we find that most issues with improper coverage can be resolved with awareness, especially with specialty insurance such as flood policies,” said David Siekman,
Sales and Marketing Manager for Encharter Insurance. “Your insurance agents are a knowledge resource to you. Take advantage of their expertise by asking them questions. The greater awareness you have of your risks and exposures (and how you can protect yourself from losses), the better protected you and your family will be.”

The best resource for answers to all questions about protection against flooding is your insurance agent—there is more to know and this is not a comprehensive list. Be sure to contact your agent right away to discuss your options with them. The agents at Encharter Insurance would also be happy to help! You can call us at 888-865-1244 or you can visit our website.

Contact:
David Siekman
dsiekman(at)encharter.com
888-865-1244

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