The Federal Emergency Management Agency requires all improved or new buildings in flood-prone areas to have proper elevation. They use elevation certificates to determine whether or not your property is susceptible to flooding. Rhode Island Flood Insurance Addendum Since 2013, every condo and home being sold on Rhode Island must include a flood insurance addendum… Read more »
Flooding may not be something that you worry about, because you believe you home lies outside of flood zones. However, times are changing and there are many more factors to consider. Ninety-Percent of Natural Disasters Involve Flooding The National Flood Insurance Program (NFIP), administered by the Federal Emergency Management Agency (FEMA) states that 90% of… Read more »
Most Rhode Islanders automatically assume that their homeowners insurance policy will pay for damages if the roof on their home leaks. While policies usually cover roof leaks, there are certain circumstances when they may be excluded. We’ve mentioned some of the most common below. The Importance of Home Maintenance Preventable damage is a very common… Read more »
Flooding isn’t a problem restricted to warmer months. It can occur any time of the year, in any part of the United States, and it is more common and more costly than most people realize. In fact, flooding causes more damage than hurricanes and insurance risk analysts rank it the top natural disaster in the… Read more »
Flood insurance may seem like an unnecessary coverage, but nothing could be further from the truth. Let’s debunk the myths and discover why this valuable coverage is an essential tool that protects you from significant financial loss. Myth #1 – Home, Renter, & Business Policies Cover Flooding False – standard policies typically exclude flooding. However,… Read more »
New England is certainly no stranger to bad weather. While we’ve sidestepped major hurricanes for some time, there’s no guarantee we’ll remain safe this season. We always need to prepare. Here are a few things you can do to ensure you and your loved ones have what you need in place to stay safe during… Read more »
According to FEMA, “everyone lives in a flood zone–it’s just a question of whether you live in a low, moderate, or high risk area.” According to Floodsmart.gov, more than 20 percent of flood claims come from properties outside high-risk flood zones. So what are flood ones and why do they matter? Flood Zone Definition Flood… Read more »
If you live in Rhode Island, almost every year at least one or two storms make their way up the Atlantic coast. Many residents felt the impact of Hurricane Sandy in 2012 and scientists also suggest we can expect more intense storms during hurricane season, because of rising ocean temperatures. Consequently, it is more important… Read more »
An umbrella insurance policy, or excess liability policy, kicks in when other policies such as auto insurance, renters insurance, or your homeowners insurance policies reach their limits. You may not think you need this additional coverage, but here are a few reasons why it makes sense. Asset Protection While your existing insurance policies offers some… Read more »
You can’t control the weather, but you can make wise decisions to protect your home from flooding. To better understand your risk, start by looking at the FEMA Flood map, but don’t stop there. Floods occur in all 50 states, and not just in high-risk zones. Talk to longstanding neighbors and ask them if they… Read more »