Post Content

 

Once again, we are getting an epic rainstorm here in Massachusetts, and already-waterlogged residents need to be prepared for another round of flooding. While flood insurance is often the last thing on our minds, these past few storms have reminded many homeowners why coverage for water damage is essential.

Categorizing the damage from flooding is necessary in understanding your coverage. Determining where the water came from can be the defining difference between being insured or left to fend for yourself. A standard homeowner’s policy will usually cover damages from fallen rain, like leaks in the ceiling or walls, as well as basement flooding due to sewer or drain backups.

Most people run into trouble with coverage when damage is caused by rising waters from the ground, the true definition of flooding. Flooded basements due to rising water levels is a case in which you will need special flood insurance that can only be provided by the government through the National Flood Insurance Program. Visit the Division of Insurance’s website for more information about the program.

As the rain continues, the most important step is reading and understanding your policy. If you have questions about your coverage, call your insurance agent before it is too late. For most homeowners, flood insurance will be inexpensive and easy to acquire and if you find yourself with water damage after this next round of rain, you’ll be glad you’re covered.

Many homeowners take a look at this issue only when a storm causes a problem in their home. This recent stretch of wet weather should be a reminder for even those with dry basements this week to check their policies and make sure they have the kind of insurance they feel is necessary for their home.

Written By:

Recent Posts

Back to School Scam Study Guide posted on Aug 29

Back to School Scam Study Guide

For college students, the months of August and September are pretty chaotic. Between packing, shopping, saying sappy goodbyes to friends, and scrambling to make a few more bucks, these last few weeks of freedom are all about checking the next thing off a to-do list.   …Continue Reading Back to School Scam Study Guide

Settling disputes with your landlord posted on Aug 24

Settling disputes with your landlord

    Most landlord and tenant relationships are professional, if not amicable, and without incident. But when there is a problem, how should it be resolved? There are various remedies that can address a host of problems between landlords and tenants. Find some below.     …Continue Reading Settling disputes with your landlord

Renting 101 posted on Aug 22

Renting 101

  The concept of renting seems easy enough – find a place that meets your needs, agree with the landlord on price and length of lease, sign and make your payments. But you should understand the importance of your obligations as a tenant as well   …Continue Reading Renting 101