Archive for October, 2016

Hurricane Matthew and Your Insurance

Posted on: October 15th, 2016 by Herlihy Insurance Group No Comments

As we watch Hurricane Matthew take its toll on many locations, it is a good opportunity to review your own “hurricane coverage”.

We’ll start with the simple things first. Your cars and trucks!

If you have selected the “comprehensive” coverage option on your Massachusetts policy, this will provide you coverage from the types of claims that impact your cars and trucks’ during hurricanes. (For example, water damage, flood, and damage by a flying object, tree falling) So if your car is stationary during the storm you will be well covered. If you happen to be driving your vehicle during the storm, (not recommend) and you collide with something you would also need to have collision coverage on your vehicle.

Your home!

When a hurricane makes landfall, the shear force of hurricane strength winds can destroy buildings, topple trees and bring down power lines. When flying debris, such as signs, roofing material, building siding, and small items left outside, is added to the mix, the potential for building damage is even greater. These types of property damages caused by a hurricane will be covered by most special risk home insurance policies.

The coastal flooding triggered by hurricanes is as destructive as wind but can be even more deadly, and is by far the greatest threat to life and property along the coastline. Storm surge, wave, and tides are the greatest contributors to coastal flooding, while precipitation and river flow also contribute during some storms.

In addition to high winds and storm surge, hurricanes threaten areas with their heavy rains. Flash flooding, a rapid rise in water levels, can occur quickly due to intense rainfall over a relatively short period of time.

Coverage for storm surge, flash flooding or flood damage is not included on a standard home insurance policy. If you are concerned about any of these types of risks, you would need a separate FLOOD policy.

We also recommend that all homeowners include BACK UP of SEWER and WATER coverage on their property polices. When storms hit our area there is also potential for this type of loss to occur. This coverage is also not automatically included on a standard home insurance policy.

If you have any questions on how your policy coverage would respond in the event of hurricane damage, just let us know. We want our clients, friends and families to select the coverage that is best for them.

We at Herlihy Insurance Group will be keeping the all those in the path of Hurricane Matthew in our thoughts and prayers this week.