Who knew there were three types of Flood Insurance?

Three things to know about Flood Insurance Everyone lives in a Flood Zone 25% of all flood damage occurs outside of high risk areas Homeowners Insurance excludes claims for flood damage Flood is defined as rising ground water on normally dry land (Not a broken pipe in the house). This could come from heavy rain, overflow of stream, lake, river or ocean, tidal surge, water main break, blocked drainage ditch, swimming pool collapse or other causes. Most homes outside of high risk flood zones do not have flood insurance as the bank does not require it, but 25% of the …

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Top Ten Risk Management Questions: A Tool for High Net Worth Advisors

Below is a list of the top ten questions Advisors should be asking their clients to determine if they may have an exposure to their assets from a Property and Casualty issue. If one of these areas is an issue, they should start a discussion with their property and casualty broker. We find that many times a client will outgrow their insurance or the expertise of their broker. Reach out to us if your client needs an introduction to a broker who is familiar with the types of exposures your client has. 1 – Do you have a Personal Excess …

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