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

What to know before purchasing wedding insurance posted on May 24

What to know before purchasing wedding insurance

For many consumers, their wedding day is supposed to be one of the happiest days of their lives. However, when things do not go according to plan, consumers may be left with a substantial debt and nothing to show for it. Wedding insurance, or coverage,   …Continue Reading What to know before purchasing wedding insurance

Payment App Scams posted on May 21

Payment App Scams

  Instant payment apps have become a popular fixture for peer-to-peer payments. Before using instant payment apps such as Venmo, Cash App, or Zelle, you should do your research so you understand exactly what you are signing up for. Peer-to-peer payments are instant, cashless, payments   …Continue Reading Payment App Scams

Attention movers! Protect your money and belongings posted on May 17

Attention movers! Protect your money and belongings

The moving process can be expensive between packing, hiring movers, or storing belongings. Unfortunately, con artists attempt to take advantage of movers and defraud them of thousands of dollars and even some of their belongings. If you are planning to move, make sure to do   …Continue Reading Attention movers! Protect your money and belongings