On Thursday November 10th, nearly 150 people turned out in Wayne County, Michigan to discuss the rising water levels of Lake Ontario and to talk about the flooding, both from this past summer as well as for the upcoming summers. This past season delivered high water levels to the residents living along the Lake Ontario’s shoreline. Causing concern for the high possibility of flooding, resulting in damaging their homes and belongings. These high water levels, mixed in with high wind speeds, resulted in
In a summer and fall seemingly filled with natural disasters, hurricanes and wildfires, many are now wondering, what is the process when dealing with insurance companies and the damage to your home or business? How will you get your money? How long will it take? What is the process? They are not alone in asking. Here are some tips to make this transition into rebuilding easier. On any ordinary day, insurance companies and the payout money is generally all smooth and easy, but
With the devastating effects of Hurricane Harvey and Hurricane Irma, leaders in the insurance industry are begin to question what is best for the future of the flood insurance market. Some argue that the government needs to be more involved, while others argue that private insurance companies should be running the show. The citizens of Florida and Texas have lost their homes, their cars, and their places of business to severe flood damage caused by the hurricanes. Now, as they try to rebuild
With the news of Hurricane Harvey and Hurricane Irma, it seems like now is the best time to buy flood insurance, especially for those who live on the coast. The flooding in Texas and Florida is some of the worst in American history. People are losing their houses, automobiles, and places of business to severe water damage. And, unfortunately, many were stuck without flood insurance when the hurricanes hit. The standard home insurance policy does not include coverage for flood damage, which means
After a natural disaster like Hurricane Harvey, many automobiles are abandoned by their owners and submerged in a flood. After the storm is over and the water recedes, those cars will never be as high of quality as they were before. Once an automobile has water-damage, its value goes way down and it is almost impossible to get all the water out of it. So, what happens to all those water-damaged cars? Well, most of them are disposed of and never seen again.
With the recent hurricanes in Texas and Florida, the National Flood Insurance Program is more active than ever. The program was set to expire in September. However, President Trump decided to extend it for at least three months, while the areas hit by the hurricane recover from all the damage. Hurricane Harvey and Hurricane Irma put the program through the ringer, and now people are questioning whether or not it is a positive influence. Many argue that the destruction from these hurricanes would
With the recent impacts of Hurricane Harvey and Hurricane Irma, homeowners are realizing the importance of flood insurance. And, insurance companies are pushing their flood coverage services harder than ever. If you live in an area where flooding has happened in the past, then you should highly consider purchasing flood insurance, or at least know what you stand to lose. Despite the current events, homeowners in the state of Maine are getting rid of their flood insurance policies. In fact, in the past