Now that we are deep into hurricane season – and what a season it’s been already – I’d like to take this time to remind you about the wonders of insurance in all of its forms and aspects. Often, we plan out escape routes and put together safety packages, but we neglect to put the proper time and effort into something like putting together the proper insurance packages to protect our property during and after a storm when repairs will need to be done.
They say “hindsight is 2020” which means – “It’s easy to know the right thing to do after something has happened, but it’s hard to predict the future.” There are too many folks in the greater Houston area and even down South in Rockport, Tx that understand this all too well.
Further, many folks can relate to the point that any kind of insurance is a pain but if you have it when it is needed, you are grateful. Insurance is a fee, or premium, that we pay each month or year until a disaster or accident occurs and you have to call on that policy for any damages.
As the warm and stormy weather starts to come our way, it’s time to take a look at what it’s going to mean for your property, toys and/or home. Most of us are more concerned with getting to the beach, but something that should be sorted out before you can grab a towel and head to the beach, is your insurance…more specifically, flood insurance.
June 1st marks the official start of Hurricane Season. Though we hope that there aren’t going to be any nasty storms this year, it is best to always be prepared. We have previously posted about a very practical list of things to purchase to make sure you are prepared for a tropical storm; be sure to check that one out. This articles will focus on the bigger picture of how to be prepared for a hurricane.
Coastal residence have a unique risk of flooding and rising water which is not always a threat to other Texans and our Insurance faces changes in 2011. Our FEMA managed National Flood Insurance Program is just as necessary today as it was 40 years ago.
Here are some considerations:
- There is not a private market that would be willing to provide this coverage. Why you ask? Well, simply put- people that are the most at risk to flood are the only consumers who purchase flood insurance. What that means to us in the Texas Gulf Coast is that there is no large group paying for the losses of a few.
Home owners and flood insurance tips for folks in League City and the Gulf Coast, I learned after experiencing Hurricane Ike claims may help future Home Owners navigate the claims process faster. Being a Licensed Insurance Agent in Texas for years does not mean that a person has or ever will experience a wave of water 12 feet high devastating the homes of our community. We were blessed that each client of mine with a flooded home had flood insurance coverage. Even if you are a flood policy expert, the claims processing is a journey that can only be traveled.