Tammy Mazoch’s Post

As the 2024 hurricane season unfolds, insurance companies brace for impact. With projections of an above-normal season, it's crucial to monitor forecasts and assess risks. WaterStreet Company’s P&C insurance solutions provide the data needed to predict and manage potential costs. #HurricaneSeason #Insurance #RiskManagement https://hubs.li/Q02J05BZ0

While the importance of insurance has always been a key to home ownership and the value of the home, the changes in severity and frequency of weather events has a substantial chance at altering that delicate balance. States are now under significant pressure to potentially intervene in private insurance matters. Could an oversized hurricane season in 2024 be the tipping point in some states? With an active storm season looking quite possible with the expected shift from La Nina to El Nino, this year may move the industry and homeowners into uncharted territory.

🌊🏡 Navigating Flood Insurance in West Palm Beach? 🏖️🛡️ Living in a coastal city like West Palm Beach comes with its unique set of challenges, especially when it comes to protecting your home from flood risks. 🏙️💦 In this post, I dive into why private flood insurance can be a game-changer for homeowners and renters alike: 1️⃣ 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 2️⃣ 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐏𝐨𝐥𝐢𝐜𝐢𝐞𝐬 𝐓𝐚𝐢𝐥𝐨𝐫𝐞𝐝 𝐭𝐨 𝐘𝐨𝐮𝐫 𝐍𝐞𝐞𝐝𝐬 3️⃣ 𝐅𝐚𝐬𝐭𝐞𝐫 𝐂𝐥𝐚𝐢𝐦𝐬 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 4️⃣ 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 5️⃣ 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐯𝐢𝐧𝐠 𝐄𝐱𝐩𝐞𝐧𝐬𝐞𝐬 (𝐀𝐋𝐄) 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 Whether you're a longtime resident or new to the area, understanding your flood insurance options is crucial for peace of mind. 🏘️🌴 Check out the post for insights on how private flood insurance can offer you more flexibility and security. 🔍🔐 🔗 https://lnkd.in/dR3DKz8A Stay safe and informed! 🙌🌤️ #FloodInsurance #WestPalmBeach #HomeProtection #InsuranceTips #FloridaLiving

🌀 Hurricane Season Preparation Tips from Your Crossroads Insurance Recovery Team🌀 As hurricane season approaches, ensuring you and your property are prepared can make all the difference. Here’s how you can safeguard your home and navigate the season with peace of mind: 1. Review Your Insurance Policy: Make sure your coverage is up-to-date and adequate for hurricane-related damages. Understand what is and isn't covered, including flood insurance, which is typically purchased separately. 2. Document Everything: Take photos or videos of your home and belongings. Keeping an updated inventory can significantly streamline the claims process if you experience damage. 3. Protect Your Property: Invest in storm shutters, secure loose objects, clear gutters, and trim trees to minimize potential hazards. Consider reinforcements to roofs, windows, and doors. 4. Emergency Plan and Kit: Develop an evacuation plan and prepare an emergency kit with essentials like water, non-perishable food, medications, and important documents in waterproof containers. 5. Stay Informed: Follow local weather updates and adhere to advisories. Knowing when to evacuate and where shelters are located can be lifesaving. If disaster strikes, Crossroads Insurance Recovery is here to help you navigate the claims process. We advocate for YOU, ensuring you get the compensation you deserve. For more tips or assistance, don’t hesitate to contact us! Stay safe this hurricane season! Crossroads Insurance Recovery Advocates, LLC

🚨 PSA for all Louisianians and Gulf Coast residents. 🌀 It’s time for a hurricane insurance check. NOW is the time to prepare: 1. Adjust Your Deductible: Decide if you want to decrease your deductible to 2%. Contact your agent ASAP; changes can’t be made once the storm hits. 2. Renter’s Insurance: If you’re a renter, consider renter’s insurance. It’s affordable and protects your personal belongings (home insurance doesn’t cover them). 3. Consider Flood Insurance: If you’re in or near a flood zone, think about flood insurance. Standard homeowners policies don’t cover flood damage from heavy rain or storm surge. Note: There’s usually a 30-day waiting period before flood insurance takes effect. 4. Update Your Home Inventory: Use your phone to document items in your home (photos or videos). Include brand names and serial numbers if possible. The NAIC Home Inventory App simplifies this process. 5. Make an Evacuation Plan: Include friends or family you’ll evacuate with. Decide on a safe location and evacuation route. Keep copies of your policies and your agent and insurance company's contact info handy. 6. Other Considerations: Stock up on water, consider a generator, and have plywood to board your windows.

🌪️ Hurricane Debby: A Manageable Event for Insurers, But a Wake-Up Call for Homeowners Without Flood Insurance Hurricane Debby made landfall near Steinhatchee in Taylor County, FL, as a Category 1 storm, causing significant rainfall and flooding across North Florida, Georgia, and South Carolina. While the insurance industry expects this to be a "manageable event" with estimated insured losses ranging from $1 billion to $2 billion, the real concern lies in the potential uninsured flood damages many homeowners might face. According to Gallagher Re's analysis, wind-related losses were somewhat mitigated due to the storm’s landfall in the sparsely populated Big Bend region. However, the complexity of flood-related losses—both coastal and inland—presents a different challenge. With significant rainfall, as much as 18 inches in some areas, many homeowners who lack flood insurance could be left to bear the financial burden of the damage alone. 💧 The Importance of Flood Insurance Flood insurance is often overlooked by homeowners, especially in inland regions where flood risk is perceived to be lower. Yet, as storms like Debby and the more powerful Hurricane Idalia (which struck in August 2023) demonstrate, the impacts of flooding can extend far beyond coastal areas. The National Flood Insurance Program (NFIP) reported over $380 million in payouts from Idalia alone, primarily in the Tampa Bay region. 🏡 A Call to Action for Homeowners and Industry Professionals This serves as a crucial reminder for homeowners to reassess their insurance coverage. Those without flood insurance should seriously consider the potential risks, even if they are not in designated high-risk areas. For industry professionals, this event underscores the importance of educating clients about the full spectrum of risks associated with severe weather events. Let's stay informed and prepared. Disasters like these are becoming more frequent, and proactive measures can make a significant difference in mitigating their impacts. #HurricaneDebby #FloodInsurance #RiskManagement #InsuranceIndustry #Homeowners #ClimateChange #DisasterPreparedness

Navigating Flood Insurance in Wisconsin: What You Need to Know 🌧️🏠 Wisconsin's beautiful landscapes come with their own set of challenges, including the risk of flooding. Whether you're near a river, lake, or even in a seemingly low-risk area, understanding the basics of flood insurance is crucial. Here’s what Wisconsin residents need to know: Not Just for High-Risk Areas 🏞️: Flood insurance isn't just for homes in flood-prone zones. Over 20% of flood claims come from properties outside high-risk areas. Homeowners Insurance Doesn’t Cover Floods 💧: Standard homeowners policies typically don't cover flood damage. Flood insurance is a separate policy that provides protection against losses from water damage specifically due to flooding. Assess Your Risk 📊: Use resources like FEMA's Flood Map Service Center to understand your property's flood risk. This can help you decide the level of coverage you need. Wisconsin's National Flood Insurance Program (NFIP) Participation 📜: Wisconsin participates in the NFIP, allowing residents to purchase flood insurance policies backed by the federal government. Some private insurers also offer flood insurance. There's a Waiting Period ⏳: Most flood insurance policies have a 30-day waiting period from the date of purchase before your coverage goes into effect. Don’t wait for a forecasted event to buy a policy. Floods can happen anywhere and at any time. Protecting your home with flood insurance ensures you're prepared for the unexpected, providing peace of mind and financial security. Connect With Us Today 🌟 Call Mitchell P. McNamara, CIC 📞: Mobile: 651-366-9048 | Office: 651-426-0607 https://lnkd.in/gsjNqPTj Learn More 💼: Visit www.safeco.com (Note: Safeco's policies and services are offered through McNamara Company but are not directly affiliated with Mitchell P. McNamara). McNamara Company 🏢 - Over 50 Companies, in 50 States, for Over 50 Years in Business! Stay safe and secure with the right flood insurance coverage for your Wisconsin home. 🏡💙 #FloodReady #WaterDamageProtection #FloodInsurance101 #StayDry #RiskManagement #Safeco #McNamaraCompany

FAIR President, Paul Handerhan emphasizes the critical need for proactive insurance preparation in the face of hurricanes, urging homeowners to secure adequate coverage well in advance. He warns against complacency and underscores the importance of flood insurance, especially in vulnerable areas like Florida: "If you look at your driver's license and there's a picture of the state of Florida, you probably need flood insurance." His advice stresses the significance of understanding policy details and preparing homes with measures like hurricane-impact glass and roof upgrades, emphasizing that waiting until the last minute could lead to significant losses. Read More Here: https://ow.ly/M9Oj50SzB3z

🌊🏠 Protecting Your Home from Floods: AON Edge Private Flood Insurance vs National Flood Insurance Program 🚫💦 Did you know that floods are the most common and costly natural disasters in the United States? 🌧️ Whether you live in a flood-prone area or not, it's essential to understand your insurance options. Today, let's dive into a comparison between AON Edge Private Flood Insurance and the National Flood Insurance Program (NFIP) to help you make an informed choice for your home. 🏡 🔍 Coverage: When it comes to protecting your property, both AON Edge and NFIP offer coverage against flood-related damages. However, AON Edge goes beyond the basics, providing enhanced coverage options tailored to your specific needs. From structural damage to personal belongings, AON Edge has got you covered from every angle! 💰 Pricing: Affordability matters, right? 💸 While NFIP offers standardized rates, AON Edge provides competitive pricing based on your property's unique risk profile. Say goodbye to one-size-fits-all premiums and hello to personalized pricing that suits your budget! ⏳ Wait Periods: Time is of the essence! With NFIP, there's typically a 30-day waiting period before your flood insurance coverage kicks in. However, AON Edge offers expedited options, slashing that waiting period down to just a few days. Protect your home without delay! 📞 Claims: When disaster strikes, you need support and guidance. While NFIP handles claims directly, AON Edge ensures a hassle-free claims process with their expert team of insurance professionals. Count on their prompt assistance to help you navigate through the claims process smoothly. Remember, the choice is yours when it comes to safeguarding your beloved home. 🛡️ Whether you opt for AON Edge Private Flood Insurance or the National Flood Insurance Program, make sure you're prepared for the unexpected. Don't let floods wash away your peace of mind! #FloodInsurance #HomeProtection #AONEdge #NFIP #StaySafe #InsuranceMatters #floodinsuranceguru

Hurricane season isn’t over, and you may be wondering if your #homeinsurance covers #hurricanes. It depends on your policy type, carrier and state regulations. According to Bankrate, here's how standard home insurance typically handles hurricane related damage: -Falling Objects: Covers damage from falling trees or objects, though hurricane-related damage may fall under wind damage. -Flooding: Not covered under standard policies. Consider a separate flood policy from NFIP or a private provider if you're in a flood-prone area. -Wind: Coverage varies by location. Some states offer specific windstorm insurance options or FAIR plans if your provider doesn't cover hurricane-related wind damage. Speaking with an advisor on what you are or aren’t covered for is usually the best course of action – Frost insurance advisors are here to clarify what's protected and how to ensure you and your family are covered. Reach out and I’d be happy to connect you.