According to NICB, thefts of vehicles in the United States rose again in 2017 by more than 4%. For the vehicles that were recovered, many were missing parts such as wheels, rims, and other valuable parts. Those that weren’t recovered, probably ended up in chop shops where they were dismantled, and their parts sold on the black market.
Over the past two weeks, I’ve written about flood insurance. I wanted to wrap up this theme and address one of the limitations of a standard, government backed flood policy and that is the policy’s limits. Limits are present on all forms of insurance including home, car, jewelry, commercial, and even flood. When I refer to a policy’s limits, I’m referring to the maximum amount of coverage available on the policy for a specific item. The question we’ll answer in this post is how to obtain coverage beyond a standard flood insurance policy’s limits.
Many people tend to discount a flood can happen to them since they aren’t in a 50 or 100-year flood plain. But as many Houstonians can attest in the aftermath of Hurricane Harvey, that may not count for much!
Here are 10 little known facts about flooding & flood insurance worth knowing!
Last week I reprised a post outlining reviewing your insurance in preparation for hurricane season (it started last Friday), and I wanted to follow that up with my annual overview on flood insurance. Flooding can happen at any time, whether it’s caused by torrential rains, a sub-tropical or tropical storm, or a hurricane. Let’s plunge into the two types of flood insurance coverage, as well as what happens if you need more than the standard policy provides.
The 2018 hurricane season starts today and runs through November 30th. The National Oceanic and Atmospheric Association, NOAA, forecast for 2018 hedged their bets with a 25% chance of us have a below normal season, a 40% chance of a near normal season, and a 35% chance of us having an above normal season.
Sheri and I visited family in Alabama over the Memorial Day weekend. We all watched the weather reports on sub-tropical storm Alberto as it turned north in the Gulf and headed toward the Florida panhandle and Alabama. It serves as an excellent reminder that hurricane season officially begins on Friday, June 1 and runs through the end of November. With that in mind, let’s review home insurance and remember a hurricane or named storm can impact central and north Texas residents as easily as it does our coastal neighbors. Specifically, I’ll address two key areas of your home insurance policy to review along with two other related policies.
Memorial Day weekend is here signaling summer’s almost here! Kids everywhere are counting the days until the end of the school year while planning what they’ll do over the summer.
… what does home insurance cover when it comes to firearms and was addressed in an Insurance Journal article that appeared after the Parkland shooting. There are two coverage types within most home insurance polices that potentially address firearms, personal property and personal liability coverage.
I enjoyed writing several blog posts in April that were based on a presentation I gave to a group on frequently asked home insurance questions. I though it would be apropos, to take the same approach with car insurance and address a similar question set beginning with what factors impact your rate but have little or nothing to do with your car!
I’ve been fascinated watching the news on the Kilauea volcano eruption and its lava flows from the 17 or so vents that have opened across the area. It’s amazing to see the lava sprays and flows as it moves downhill through the forests and into populated areas. I can’t imagine what the people living in the area are going through wondering and waiting to see if their homes and anything else they left behind will be there once the volcanic activity subsides. One of the things I’ve wondered about is if home insurance covers such a force of nature as it’s engulfed about 25 homes and 10 other structures so far.
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