Flood
Since flood damage is excluded under your homeowners coverage, you should be aware that flood insurance is available from the National Flood Insurance Program. Most communities have qualified for the program that provides coverage for surface flooding only. Structural and contents protection are offered. A $500 deductible applies.
Sewer Back-Up
This endorsement provides protection for direct loss caused by water that backs up through sewers, drains or sump pump wells. Just as flood insurance excludes coverage for sewer back-up, this endorsement excludes any coverage for damage due to flooding. Coverage is subject to a deductible.
Earthquake
Coverage is available with the premium determined by the structure of your home or building. Because it will better withstand an earthquake, a frame structure is less to insure than a masonry one. A substantial deductible (often a percentage of the amount of insurance that applies to the destroyed or damaged property) is in effect.
For clarification of your current policy or information regarding the above coverage’s, please contact us. We welcome the opportunity to evaluate your present needs and to discuss possible insurance improvements for you and your family.
Your Home Business: Know Coverage
Test your knowledge of your homeowners insurance:
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In each situation described, the answer is probably “not covered” unless you have added specific coverage to your policy for this home business. Take away the compensation, or business aspect, and each would probably be “covered”. Situations like those described can be covered in one of three ways:
If you have any concerns about a business-type activity in your home, call us. We’ll be happy to discuss it with you.