Archive for the ‘Federal Emergency Management (FEMA)’ Category

Is Your Water Damage A Covered Loss – Guest Blogger Tony Lucacio

We know that we have to have homeowner’s insurance but what does that policy cover?  Tony Lucacio, owner of Merrimack Valley Insurance, reminds us that “a homeowner policy does not insure loss by ground water or seepage.”  Read the article for more info

Every spring our phones ring with homeowners that have experienced water damage from spring rain? This year was a bit different because we had such a mild winter with no snow runoff, and little spring rain.

Often homeowners are surprised to learn that a homeowner policy does not insure loss by ground water or seepage. Every policy clearly states that water damage caused by “flood, surface water, waves, tidal water, overflow of a body of water, or spray from any of these, whether or not driven by wind” is excluded. Further, water damage caused by “water below the surface of the ground, including water which exerts pressure on or seeps or leaks through a building, sidewalk, driveway, foundation, swimming pool or other structure” is also a listed exclusion.

So, how does a homeowner protect against water damage from the above occurences? The federal government has made available flood insurance that is backed by the Federal Emergency Management Agency (FEMA). Policies covering flood can be purchased through your independent agent and are priced according to your property’s risk of flood. Flood maps are designed drawn by FEMA and have recently been updated to reflect recent data. Your agent can look up your property flood zone by providing them with the exact address. It is important to know that flood insurance may not cover all circumstances of water entering your home. Be certain to understand the definition of a flood as defined in the policy and discuss with your agent where your home contents and service machinery are located.

To find out more about flood insurance you can click here to visit our virtual insurance office. Or you can visit  www.floodsmart.gov . One of our licensed agents is able to discuss your personal needs at any time by phoning (978)667-2541.

Tony Lucacio   Merrimack Valley Insurance   alucacio@mvins.com

Ph: 978.667.2541 Fx: 978.671.4514      http://www.mvins.com

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