Tag: 30-day waiting period

The Truth Behind Common Flood Insurance Myths

Posted on by butlervetinsurance

Don’t believe these flood insurance myths to ensure you are able to get the right amount of coverage.

Do you know if you are covered in case of a flood? With the current El Nino conditions throughout California, it is more important than ever to ensure your home and personal property are covered from rising waters. Knowing the truth behind these flood insurance myths can help you find the right amount of protection.

You have to live in a flood plain to get coverage.

If you live in a high-risk flood plain you may be required to get flood insurance, but the coverage is available to all homeowners. If you are thinking of skipping out on coverage, if your lender doesn’t require it, think again. Even if you live in a low-risk area you are at risk of dealing with a flood, making coverage essential.

Flood insurance will cover all damages and destruction.

Just like all other insurance policies, there are limitations to the coverage that comes with flood insurance. Talk with your insurance agent to ensure that the limits of your policy meet your needs.  The more your house is worth and the more personal property you have to cover, the more coverage you will need.

My homeowners insurance will cover flood damage.

Flood insurance policies specifically exclude damage that is done during a flood. The only way to get protection in case of a flood is a specific flood insurance policy. Keep in mind that flood insurance policies have a 30-day waiting period before the coverage kicks in, the sooner you choose a policy, the sooner you will be able to get the peace of mind you deserve.

For all of your flood insurance needs, contact the insurance professionals at Stromsoe Insurance Agency. We will help you find the right amount of coverage to meet your needs, all at the right price to fit your budget.

El Niño & Your California Flood Insurance Needs

Posted on by butlervetinsurance

Why El Niño makes flood insurance especially important for your home.

All of sudden, it’s fall in Southern California. While we enjoyed (or didn’t enjoy – depending on your weather preference) unseasonably warm weather into November, the weather’s taken a turn.

No, it’s not just the usual weather patterns. Actually, experts are saying El Niño could be to blame for the sudden cold. They’re also predicting this weather pattern will bring serious storms our way.

If you can remember back to 1997’s El Niño, it caused millions of dollars of damage and cost over a dozen lives. According to people in the know, today’s climate models look a whole lot like they did in ’97. In other words, we need to be prepared for a very wet winter here in Southern California.

One of the best ways to be prepared is to buy flood insurance.  Don’t assume your homeowners insurance will protect you because, quite frankly, it won’t. Standard home insurance policies don’t include coverage against flooding, so you need a separate policy to be protected against rising waters this winter.

Also, don’t assume you can just wait until a major storm is rolling in to buy coverage! Flood insurance policies require a 30-day waiting period before they can take effect, so you need to buy your coverage now to be prepared against the seasonal surprises El Niño is projected to bring to Southern California.

Would you like more information about how to pair flood insurance with your existing homeowners insurance or renter insurance policy to be fully protected this winter? To talk to an expert who will evaluate your specific insurance needs and help you get covered, contact Stromsoe Insurance Agency. We’re dedicated to helping California renters and homeowners have the insurance policies they need to matter what our seasons bring our way!