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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. |
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July 16th, CAI-GRIE Billiards Tournament
SEE PHOTOS
July 28-30, CACM Expo
Disneyland Convention Center
Who to look for? - Michael Berg, Kimberly Lilley and Marianne Pick
August 6th, CAI-GRIE Bowling Tournament
4:30 pm - Brunswick Classic Lanes
1800 Hamner Avenue, Norco, CA 92860
Who to look for? - Michael Berg, Kimberly Lilley and Marianne Pick
August 10th, CAI-GRIE Luncheon
11:00 am - Riverside Convention Center
3443 Orange Street, Riverside, CA 92501
Who to look for? Kimberly Lilley and Marianne Pick
August 12th, CAI-OC Luncheon
11:30 am - Irvine Marriott
18000 Von Karman Ave., Irvine, CA 92612
Who to look for? Michael Berg, Kimberly Lilley and Marianne Pick
August 16th, CAI-GLAC Golf Tournament
8:00 am - Braemar Country Club
4001 Reseda Blvd., Tarzana, CA 91357
Who to look for? Michael Berg
August 25th, CAI-GLAC Luncheon
11:30 am - Skirball Center
2701 North Sepulveda Boulevard, LA, CA 90049
Who to look for? - Kimberly Lilley
August 27th, CAI-SD Luncheon
11:00 am - DoubleTree Mission Valley
7450 Hazard Center Drive, San Diego, CA 92108
Who to look for? - Michael Berg and Kimberly Lilley
September 10, CAI-SD Morning Program
8:30 am, Courtyard by Marriott
8651 Spectrum Center Blvd San Diego, California 92123
Who to look for? - Kimberly Lilley
BERG PHOTO GALLERY
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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…
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