Are You Covered for Hurricane Damage?

Smart Insurance Tips

The 2024 Atlantic hurricane season began on June 1 and will end on November 30. With higher than average activity predicted this year, it is important that you understand both your homeowner and flood insurance coverage so you know what to expect should your home suffer damage.

Most homeowner policies include coverage for wind damage caused by hurricanes, but beware: your policy likely has a separate hurricane deductible that’s much higher than your regular homeowner deductible.

Flood coverage is usually excluded from homeowner policies, so you’ll need a separate flood insurance policy to protect your home from tidal water and flooding from heavy rain.


Here are a few things to be aware of:

  1. Review your homeowner policy to make sure you have coverage for wind damage and be aware of your deductibles.
  2. If you have a separate hurricane deductible, know what category storm triggers this deductible, e.g., Named Storm, Category 1 Hurricane. Each insurance carrier handles this differently, and this detail can make a big difference when you file a claim.
  3. If you have an uncomfortably high hurricane deductible, you may be able to reduce it for an additional premium.
  4. If you don’t have flood insurance, consider buying it now, even if you’re in a non-hazardous flood zone. You likely won’t be able to obtain a flood policy when a storm is approaching. Flood coverage purchased through the National Flood Insurance Program will not take effect until 30 days after you submit your application.

For more information contact: 
Christopher F. McDonald | Amaden Gay Agencies
P.O. Box 5004 | 11 Gay Road | East Hampton, NY 11937 | P 631.324.0041 ext. 341 | F 631.324.0671 | cmcdonald@amadengay.com

The Importance of a Personal Umbrella Policy

Smart Insurance Tips

As a financially successful individual, safeguarding your wealth and assets is paramount. One of the most important aspects of your personal insurance is an umbrella policy. Your primary policies – such as homeowner, auto, or boat — provide the first layer of liability protection. However, if you’re sued for a major accident involving your car or home, the liability limits of those policies could be inadequate. This is where your personal umbrella policy, also known as excess liability, comes into play.

A personal umbrella policy provides a second layer of coverage that protects you from lawsuits due to bodily injury or property damage you may have caused to another party. Without this coverage, your personal assets could be at risk. 

Personal liability umbrella insurance is a critical component of a comprehensive risk management strategy. For financially successful families, it can provide peace of mind. 


Here are a few important tips:

  1. Umbrella premiums are surprisingly affordable for high limits of coverage.
  2. The more assets you acquire, the greater your risk. Coverage limits can be purchased from a minimum of $1M to $50M+.
  3. Home construction and renting your home to others are just a couple of factors that increase your liability risk.
  4. Your insurance broker can customize a policy with the right level of coverage, based on factors like personal net worth, lifestyle and risk tolerance.
  5. Legal defense costs are typically included, outside of the coverage limits purchased on your policy.
  6. Most personal umbrella policies provide worldwide coverage

For more information contact: 
Christopher F. McDonald | Amaden Gay Agencies
P.O. Box 5004 | 11 Gay Road | East Hampton, NY 11937 | P 631.324.0041 ext. 341 | F 631.324.0671 | cmcdonald@amadengay.com