Is Your Home Well Protected?

IMPORTANT INSURANCE TIPS

After the damage from the recent major storms, and with winter around the corner, now is a good time to make sure your home is properly covered.


Here are a few tips and things to be aware of:

1. Review the coverage and deductibles on your homeowner policy. Note whether you have a separate hurricane deductible, which may be higher than your deductible for other causes of damage, and be sure to know the trigger for that deductible, such as a Category 1 hurricane.

2. Consider purchasing flood insurance, particularly if you have a finished basement. Even if you’re in a low-risk flood zone, you can still suffer significant damage from heavy rain or a surge in tidal water. FloodFactor.com can provide a good indication of your home’s risk.

3. Protective devices such as low temperature monitor, water leak detector, and an automatic water shut-off valve can avert or reduce the severity of damage to your home, especially when the systems are monitored by a central station.

4. Make sure that your dwelling coverage has kept pace with the recent rise in construction costs and reflects the true cost of replacing your home.

5. Contact your insurance advisor for an in-depth review of coverage and to help you make any needed updates.

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

Flood Insurance Update

IMPORTANT INSURANCE TIPS

With the 2021 Hurricane Season well under way, we would like to give you an update on the importance of having flood insurance.

Even if you’re not in a hazardous flood zone, or close to a body of water, your home can still be vulnerable to significant flood damage. “Surface runoff water,” or pooling caused by heavy rain, is also considered a flood. Almost every house has some level of flood risk, and most homeowner policies exclude the peril of flood.

Flood insurance provides coverage for damage from water entering your home from the outside.


Here is more information and steps you can take to help protect your home from flood damage:

1. Be aware of what flood zone your home is in.  If you’re unsure visit our website at www.amagengay.com for a free Flood Zone Analysis

2. Clean your gutters and drains regularly, direct all down spouts away from the foundation of your home.

3. Consider purchasing a flood policy to protect your home from flood damage, particularly if you have a finished basement

4. Unless you are in a hazardous flood zone and are closing on a bank mortgage, FEMA requires a 30-day waiting period to obtain flood coverage… so you cannot buy flood insurance as a storm is approaching.

5. In addition to FEMA’s flood policies, other options are available through private insurance carriers that can offer better protection for your home.

6. Consult with FloodFactor.com to gauge the likelihood of your home suffering flood damage.

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