Flood Insurance
hello everyone welcome to my channel don’t forget to like comment and subscribe seven reason you need insert need flat insurance as the person responsible for securing your clients Peace of Mind by making sure their home and property are covered in an unfortunate scenario you want to make sure your clients aren’t left out to try when it comes to having adequate flight coverage in this article provide helpful information you can share with your inserts including what the meteorologists at the National Oceanic and Atmospheric Administration or NOAA predict for the 2020 Atlantic hurricane season and the top seven reasons why flat concern is a must-have for your clients the U.S experiencing above average hurricane activity in 2022 according to an August 2022 report from NOAA atmospheric and oceanic conditions to favor and above normal 2009 and 22.
Atlantic hurricane season NOAA forecaster have slightly decreased the light the likelihood of an above normal Atlantic hurricane season to 16 percent the likelihood of near-normal activity has rise to 30 percent and the changes remain at 10 for opioid normal systems top several reasons why flood insurance is a must-have for your insurance here are top 10 top safaris and your clients should consider obtaining flight insurance reasons number one flood damage is not covered by homeowners insurance so I think is the most common natural hazard in the United States in addition to flooding from hurricanes flood and flash flood occur in all 50 stitches despite this damage from lighting is not covered by your clients homeowners insurance policies reason number two over 20 percent of flat clamps claims to an originate in height right high risk areas Mother Nature is unpredictable which means flat Rays for properties in moderate to low risk areas is present for nearly all home owners for example when hurricane healthy hit Houston in 2017 it left over 200 000 damage homes in its week and costs 125 billion dollar in total damages of these houses and businesses affected by the storm 80 percent were located outside of the 100 Year flight
Plane the majority of this homeowners didn’t have flat insurance reason number three Newland development could make your client property more prone to flooding your clients show should be aware of Newland development or major construction near a home or property this project can create changes in natural runoff bad for water and could make their property more prone to flooding reason number four just one inch of food water in your home can result in over 25 000 in property damage according to Vemma emerged a mirror inch of water from flood can come with a big price tag to the tune of 25 000 for the cost of repairs reason number five Federal it can be more costly than your clients things if you if your client’s poverty is impacted by hurricane or other declared natural disaster any federal Disaster Assistance distributed by VMA is treated like alone with interest that must be paid back to the government with interest rate addressing this could be a costly option for your clients and then reasons number six your clients could receive a reimbursement for damage prevention individuals with flood insurance may be eligible to receive up to one thousand dollar reimbursement for taking proficiative measures to protect their homes from flooding this could include things like storage space and pump rentals reason number seven Sunday fallacy is typically provide coverage up to 250 000 but excess insurance is available most standard policies only provide coverage up to 250 000 for a sentences or up to five thousand five hundred thousand dollar for commercial property if the estimated cost to rebuild a property is higher access what insurance can help cover this cause okay thanks for watching see you the next article and bye