Are your home and car insured?
The devastating natural disasters in Texas and Florida have got a lot of people talking about their insurance coverage.
We wanted to take a moment to go over a few flood insurance basics for car and property owners.
Your car insurance and flood damage:
If you have selected comprehensive coverage on your Massachusetts car insurance policy, your car will be covered for any damage caused by a flood event.
Your home, apartment or condo insurance and flood damage:
You will need a separate FLOOD INSURANCE policy to be covered for flood damage. The standard policy for your home, apartment or condo insurance will not provide any coverage for flood damage.
Floods are the most common natural disaster in the United States, but only fourteen percent of Americans elect to purchase this insurance.
If you are interested in learning more about Flood Insurance, FEMA has a very informative website on Flood and Flood Insurance.
We at Herlihy Insurance have LOTS of clients that decline to review the flood insurance option. For many of our clients this is a valid choice. If you do not need it, do not buy it! We just want all of our clients to take a second look at where they live and what a flood event might mean to them.
We can help you with your flood insurance questions. Just give us a call or send us an email!