When it comes to insuring your valuable assets, such as your home, car, or personal belongings, understanding the difference between actual cash value (ACV) and replacement cost is crucial. These two methods of valuation can significantly impact your coverage level...
New Flood Insurance Rules: What They Mean for You As of October 1, 2021, FEMA’s National Flood Insurance Program, or NFIP, is launching what they have referred to as Risk Rating 2.0, their new methodology for offering more equitable and risk-informed rates. The...
While the risk of flooding is never completely absent, and flood insurance is always a good idea, now more than ever we recommend that you protect yourself by discussing your flood insurance options with your agent. Periodically reviewing your insurance is always a...
According to FEMA, floods are the most common disaster in the U.S. Floods caused over $3.2 billion in damages in 2017 alone. Unfortunately, many homeowners do not realize that a standard New Jersey homeowner’s insurance policy does not protect them or they don’t...
Hurricane Harvey and Hurricane Irma have (rightly) brought a lot of attention to storm surge. So much so, in fact, that you might be forgiven for thinking that storm surge is itself an insurable event. The reality though, is that storm surge is just another name for...
As we read about and watch the footage from the horrible effects of Hurricane Matthew, it is reminiscent of Hurricane Sandy and a reminder to us all that hurricanes are dangerous storms. Hurricanes, and the flooding they cause, are an on-going threat to New York and...
