Category: Flood Insurance

Understanding Flood Insurance Claims & Restoration Procedures

When a flood insurance claim is approved, the provided funds may cover water damage restoration services. This article summarizes the services you could be eligible for.

Assessment

A restoration team will evaluate your belongings to determine the extent of flood-induced damage. The assessment informs the restoration steps needed. After recording damaged items, a team representative will consult with you, explaining the cleanup and drying processes, and providing a restoration completion date.

Cleaning Strategies

The team employs commercial cleansers and equipment to decontaminate materials exposed to floodwaters. These strategies ensure fabric sanitization, nonporous floor covering, and other impacted materials cleanups. Precise measures are especially taken with delicate fabric materials.

Drying Processes

High-end equipment is utilized to dry all cleaned items. The team might conduct the drying at an alternate location, with pickup and delivery services from your residence provided at both ends of the restoration.

Need More Information?

To learn more about flood insurance claims and restoration procedures, contact an agent representing Access Legacy Insurance Group. The Brooklyn, NY agent will provide a free consultation.

Real estate has been a good investment in the Brooklyn, NY area for a long time. When you are going to purchase a property here, either as your residence or as an investment, it is very important that you get the right insurance for it. A type of coverage you always need to get here is flood coverage. It is important to be aware of certain situations when this is a necessity for you to have. 

When Required by a Lender

A situation when you need to have flood insurance is when it is required by your mortgage lender. Any mortgage lender today is going to require you to carry proper insurance for your home. If it is determined that your home is in an area that has a higher risk of flood damage, this requirement will extend to having flood insurance. If it is required, most lenders will require that you have your payments escrowed monthly. 

When Concerned About Flood Damage

It is also a good idea that you have a flood insurance plan if you are concerned about flood damage. If you believe that your home is prone to flood risk, you will want to be assured you are covered for this risk. With flood coverage, you will be able to mitigate this concern. 

Consult With Us

When you are going to get a new flood insurance plan when you are in the Brooklyn, NY area, you will want to know that you are choosing an ideal plan for your situation. To do this, you should call our team with the Access Legacy Insurance Group. At the Access Legacy Insurance Group, we know how important it is that you select the right plan. We can offer the guidance that you need to build the right policy to meet your needs. 

Flooding is a common natural disaster. Many people lose their homes and personal belongings to flooding every year. Our team at Access Legacy Insurance Group is dedicated to helping Brooklyn, NY residents understand the benefits of flood insurance as well as what’s covered. 

What is Flood Insurance?

Flood insurance is simply property insurance designed to cover property and structural loss that results from flooding. Flood insurance is a separate standalone insurance unrelated to homeowners insurance or other forms of insurance. It’s designed to provide coverage specifically for damage that occurs as a result of water damage.

Flood insurance covers structural damage (house), as well as personal items and belongings. This insurance can cover the repair or rebuild of your home. It also covers appliances and other items in your home as well as your foundation, plumbing, and electrical systems. The coverage is comprehensive. Most flood insurance coverage is provided through FEMA under the National Flood Insurance Program (NFIP). However, you can also obtain flood insurance through private insurance companies. 

If my car is damaged in a flood, will flood insurance pay for the damage?

No. Although flood insurance covers your personal belongings, it will not cover damage your car incurs from flooding or water damage. Typically, your car isn’t covered by flood insurance. Even if you purchase a rider for flood damage with your home insurance, your car isn’t usually covered.

However, your flood-damaged personal items found inside your car are covered. Comprehensive auto insurance is typically the only form of insurance that will cover the repair of your flood-damaged car.

Looking for Flood Insurance in Brooklyn, NY?

If you have more questions regarding what’s covered by flood insurance, call us at Access Legacy Insurance Group. We’d be happy to answer your questions and help you explore your options. 

New York is a coastal state that experiences the same natural disasters as any other during the appropriate season. Gale-force winds accompany the hurricanes that take place along the East Coast. New Yorkers need to be as protected from the elements as possible, especially at home. That is one of the multiple reasons why you need to obtain flood insurance. 

There are two main types of coverage:

• building property, which covers repairs made to your home after flooding
• personal property, which covers many of your personal possessions that have been destroyed by floods

Devastating floods caused by hurricanes off the shores hitting landfall can accrue some massive expenses. Flood insurance helps cover the cost of flood damage to your home and belongings. That means if your house is flooded by torrential rains, hurricanes, tsunamis, and more, your items are likely covered. Flooding does not discriminate and does not spare your personal items; therefore, it is your responsibility to ensure that your home and everything in it will be secured in such an event.

Maintaining flood insurance is not only recommended in the state of New York, but it is also legally required. This means that, due to the law, the demand for flood insurance is incredibly high. That is why it may seem overwhelming at first when you are trying to shop around for flood insurance that follows state guidelines. 

Contact Us Today

Access Legacy Insurance Group in Brooklyn, NY is here to help you protect your assets and assist you with getting the coverage that you need. Call Access Legacy Insurance Group – or if you are in the Brooklyn, NY area, stop by the office and see what we can do to get you covered.

When you are a homeowner, it’s important to protect your home as best you can. One way to do this is to get flood insurance in addition to your home insurance. A flood is a highly damaging disaster that can destroy a home, so it’s important to have this coverage to cover this risk. If you don’t have flood insurance, give us a call at Access Legacy Insurance Group in Brooklyn, NY to find out more. 

Flood Insurance: A Comprehensive Guide

Home Insurance and Flooding

When you have home insurance, it protects you against a number of dangerous risks. However, it doesn’t protect you from floods. To get that protection, you need flood insurance. If you had a flood and no insurance for it, it would be up to you to pay for all of the repairs or the rebuilding that is necessary. It’s for this reason that flood insurance is so important. 

Who Should Get Flood Insurance?

Many people believe that it’s only necessary to get flood insurance if they live in an area that is labeled as a high-risk flooding area. These areas are often close to the water and have a history of flooding. But, it’s not just those areas that flood. About one-fifth of the flood claims that are made come from areas that aren’t in these high-risk areas. For people without flood insurance, that would mean paying for extremely expensive repairs. The National Flood Insurance Program generally recommends that everyone should have flood insurance to protect themselves. 

NFIP Backing

The NFIP backs flood insurance and makes it available to the public. It also sets the pricing for this coverage. This makes it easy to shop for flood insurance, as it costs the same no matter where you get it. To protect your home, it’s important to have this coverage. 

Get Your Flood Policy

If you don’t have flood insurance, it may be time for you to get it. It’s a great way to mitigate some of the risks that are posed to your home. Give us a call at Access Legacy Insurance Group in Brooklyn, NY.

The majority of homeowners that purchase flood insurance don’t have a choice because they live in a FEMA designated high-risk area and their mortgage lender requires coverage. With that said, flood insurance should be purchased by all homeowners because even just an inch of water in your home can cause thousands of dollars in damage. Although your existing home insurance policy likely covers water damage, it will only kick into gear when water enters your home from the sky, such as through the roof or a broken window. Water that hits the ground first before entering your home is deemed a flood and damage that it causes is excluded from your homeowners’ policy. Furthermore, you cannot count on financial aid from the federal government to repair flood damage because this assistance only happens after the President declares a disaster and the vast majority of flood events do not rise to the level of this declaration. 

With flooding projected to get worse in coming years, the flood maps are constantly shifting and while FEMA does their best to update their flood zones, it can be delayed. This means that you could be living in a newly identified flood-prone area, but not know that because the zones are not updated in real-time. For more information, reach out to Access Legacy Insurance Group in Brooklyn, NY. Our friendly, knowledgeable, and customer-centric insurance team are ready and willing to assist with all your questions regarding flood insurance. Give Access Legacy Insurance Group a call today to schedule a no-obligation consultation with us to discuss your flood insurance needs. 

If you are thinking about buying a home, you are going to need to find homeowner’s insurance. Since there are so many options, you may be unsure about what you need and what you can save money on. 

Flood insurance may be something that you are considering. Here are some reasons why you should get it.

Your mortgage company may require it. Certain mortgage companies require you to have flood insurance if you live in an area that floods easily. 

If you can’t afford to salvage your home in a flood, you will need to have flood insurance. Many insurance companies won’t cover any flood claims unless there is a Presidential Disaster Declaration. If you have flood insurance, your insurance will take care of your claims regardless.  

The simple truth is that most homeowners’ insurance doesn’t cover any flood damage. Even if you don’t live in an area that is considered a flood area, you may want to get this extra insurance, just in case. If you don’t, and you find your home flooded, your insurance may not cover any repairs. 

Even if you get help, it may not be enough. When flooding happens, it can cost homeowners forty thousand dollars or more. If you get a loan or grant to help you, you may only get a few thousand dollars. 

Though you may not want to get flood insurance, your mortgage company may require it. If not, you may still want to get it, because flood damage can cost a lot of money. Even if you apply for loans and grants, that still won’t cover the damage. 

If you want to make sure that you are fully protected in Brooklyn, NY, contact us today at Access Legacy Insurance Group. 

Most homeowners’ insurance policies don’t protect your property and belongings from flooding or groundwater seepage damage. As such, it is prudent for homeowners or renters in areas that are prone to flooding to get some flood insurance coverage. Ideally, such an insurance policy covers damage caused by water that falls from the sky as rain or ice and later gets into a home and thus causing flooding and damage. 

But for the policy to get honored, the flooding damage shouldn’t be a result of negligence. For instance, damage caused by rainwater that floods your house may not get you compensation if the flooding results from leaking, and an unrepaired roof. The water damage should be a result of accidental flooding. 

When Does a Homeowner Need to Get a Flood Insurance Policy?

If you’re a resident of a designated flood zone, then you should get a flood insurance policy. The Federal Emergency Management Agency (FEMA) marks flood hazard regions on the flood hazard maps. The agency makes recommendations on the acquisition of flood insurance policy. The flood hazard map zones flooding areas into three zones (A, B, & C) depending on the severity of potential flooding.

Zone A areas are close to water bodies and carry a significant flooding risk. Anyone with property in these zones should get flooding insurance. Zone B denotes areas with moderate flooding risk, and there is a need for homeowners with property in these zones to get flooding insurance too. But the cover often comes at a lower premium than zone A, and C.

The Zone C regions have a low flooding risk. But this doesn’t imply that you shouldn’t take flood insurance coverage if you’re in this region. Some zones may have the V mark indicating that they’ve not gotten assessed for flooding. As such, you may need to find a specialist who’ll make an assessment and advice you on whether to get flooding insurance or not. But it’s prudent always to get one. 

Get Enough Homeowners Insurance Policy Today

It’s possible to get flooding insurance from the National Flood Insurance Program (NFIP). But if you’re in Brooklyn, NY, you should visit the Access Legacy Insurance Group to get your homeowners’ flooding insurance cover. At Access Legacy Insurance Group, we provide updated homeowners’ flooding insurance policies to all Brooklyn, NY, residents. Check out our website to learn more.