 |
|
Flood Insurance Quotes
When you take homeowner’s insurance, it is advisable to ask for a flood insurance quote as well. Most homeowners and business property insurance policies specifically exclude flood insurance but over time, you may realize that it is as important as homeowners insurance, especially if you are living in areas that are susceptible to flooding.
Unfortunately, in many cases, it's only after a flood that many people discover that their homeowners or business property insurance policies do not cover flood damages. Approximately 25% of all flood damages occur in low risk zones, which are commonly described as being “outside the mapped flood zone.”
Flood insurance offers coverage on the damage that occurs when water comes into your home from an outside source. It is different from a broken or burst pipe. It’s a separate policy that is only for floods, and this insurance cannot be purchased from the Federal Government (USA), but through the National Flood Insurance Program.
The benefits of taking a flood insurance policy are as follows:
- All flood insurance is administered by the National Flood Insurance Program and is backed by the Federal Government.
- There is no need to repay flood insurance settlements.
- Your agent can expedite the claims process under the National Flood Insurance Program. That way you can get down to making repairs and get back on your feet faster.
- Flood insurance also covers cleanup expenses, damages to your heating and cooling systems, and repair or replacement of flooring.
If you are not sure whether you need flood insurance or if you are looking for competitive flood insurance quotes, come to Berg Insurance. We have the resources to run flood determination and tell you whether you are located in a flood plain or not. We can also point you to a surveyor who can perform an elevation certification to determine what type of flood plain you are in. Whatever your questions might be, we have the answers, so get in touch with Berg Insurance to learn more about the nuances of flood insurance. |
 |
|
November 10th, CAI-OC Luncheon
11:00 am, Irvine Marriot
Who to look for? Michael Berg, Kimberly Lilley & Marianne Pick
November 12th, CAI-GLAC Casino Night
6:00 pm, Sportsmen's Lodge Studio City
Who to look for? - Kimberly Lilley
November 16th, CAI-GLAC Luncheon
11:30 am - Skirball Center Los Angeles
Who to look for? Kimberly Lilley
November 17th, CAI-GRIE Luncheon
11:00 am, DoubleTree Ontario
Who to look for? Marianne Pick
December 2nd, CAI-GLAC Holiday Happy Hour
4:00 pm, Bel Air Crest Country Club
Who to look for? Kimberly Lilley
December 6th, CAI-OC Holiday Toy Drive
5:30 pm, Andrei's Irvine
Who to look for? Michael Berg
December 8th, CAI-GRIE TOPS Breakfast
8:15 am, Riverside Convention Center
Who to look for? Kimberly Lilley & Marianne Pick
December 9th, CAI-SD Awards Luncheon
11:00 am, DoubleTree Mission Valley
Who to look for? Kimberly Lilley & Bridgette Tabor
December 14th, CAI-GLAC Luncheon
11:30 pm, Skirball Center Los Angeles
Who to look for? Kimberly Lilley
December 15th, CAI-OC Luncheon
11:00 am, Irvine Marriott
Who to look for? Michael Berg, Marianne Pick & Kimberly Lilley
BERG PHOTO GALLERY
|
|
 |
|
Common Interest Developments
There has been some discussion of revised Fannie Mae guidelines with respect to community associations. This discussion has brought confusion, and I hope to provide some clarity to the issue.
Fannie Mae presented Announcement 08-34 on December 16, 2008 titled “Project Eligibility Review Service and Changes to Condominium and Cooperative Project Policies.” Among the many items included in this Announcement are general policy changes regarding project eligibility requirements, and condominium association project insurance clarifications. More…
|
|
|