Category Archives: Product

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 A Homeowner’s Policy Doesn’t Cover Flood Loss

 “Your homeowner’s policy does NOT cover loss due to flood from any source.”

Many people aren’t aware that their homeowners insurance excludes flood and earthquake coverage. Earthquake coverage can typically be added with a simple endorsement, but flood insurance requires a separate policy entirely.

The Definition of a Flood

Before purchasing a flood insurance policy, it’s important to understand what is considered a flood.

A flood is “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area, or of two or more properties (at least one of which is the policyholder's property).”1

Flood insurance kicks in when the following conditions are met:

  • Overflow of inland or tidal waters
  • Unusual and rapid accumulation or runoff of surface waters from any source
  • Mudflow
  • Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined above

When to Purchase Flood Insurance

We realize that not everyone feels the need to carry flood or earthquake insurance, but we do want you to be well informed.

We can’t predict when that 100-year storm will hit, but we can provide clients with the accurate information they need to make the best decision for their family.

Find out what flood zone you live in.

You’ve discovered your flood zone, now what?

Go online and search your zone in your favorite search engine. Let’s say your flood zone is Zone X. These are areas determined to fall between the 100-year and 500-year floodplain and are areas of moderate or minimal hazard from flood.

See how your home would have stood up to Hurricane Harvey.

The Cost of Flood Insurance

On average a low risk flood zone might cost $400-$500 a year to insure and is a small price to pay for peace of mind. Flooding can occur at any time and isn’t always from a tidal surge and more often than not low risk areas may be affected when catastrophic storm hits.

If you are interested in discussing if flood insurance is right for you or you need help in securing a quote, please give us a call at 804.320.0129.



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3 Steps to Saving Money on Your Car Insurance

It’s a daunting idea. You put a device in your car, it watches you drive for some set amount of time, and then the insurance company takes it back. Then, what? It changes your rates? It follows you on your commute?

The truth of the matter is far from scary. Safeco’s RightTrack® safe driver program and its similar counterpart with Progressive, the Snapshot® program, are an incredibly simple way of saving you a good amount of money on your car insurance.

Take Safeco’s RightTrack, for example. As soon as you sign up for the completely voluntary program, you are already guaranteed a discount upon completion.

Here’s how you can save money with RightTrack:

STEP 1: Plug the device into your car’s computer for 90 days.

STEP 2: Safeco will email you instructions after the device is installed on how to access all of the information gathered on a secure online dashboard.

STEP 3: After those 90 days, you’ll get another email with what your final discount will be. No matter what, if you complete the 90-day RightTrack program, you will receive a discount of anything from 5% to 30% of your premium.

The insurance company looks at these key metrics when determining your overall safe driver discount:

  • Number of miles you drive
  • Time of day you drive
  • Rapid accelerations
  • Hard braking

And guess what? Your privacy is completely protected. According to Safeco, any personally identifiable data is not shared outside of servicing your policy, for research, or as required by law. Not only is your insurance rate based on the traditional factors of what vehicle you drive or what your driving record looks like, but also on your actual driving behavior.

Does this sound like something you’d like to take advantage of?

Contact us today and find out how you can save money on your car insurance or if a safe driver program is right for you.

Safeco's RightTrack Safe Driver Program

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