August 9, 2012

Flood Insurance is Often Overlooked

As I look back on 2011, I can’t help but think about the residents along the Missouri River, it was terrible to see the flood waters washing away homes and damaging property. And even with all the local media coverage, many people still think, “It won’t happen to me.” While it’s true that many floods are caused by huge storms, more floods occur every day and can result from small, localized events, such as a typical afternoon thunderstorm. No matter where you live, it is important to remember that just a few inches of water in a home can cause thousands of dollars in damages. Flood insurance is available to anyone – whether you live in or out of a designated floodplain. It’s also important to remember standard homeowners insurance policies do not cover flood damage. If you don’t have flood insurance, it’s a good idea to purchase flood insurance to protect your home or property. For more information on […]
September 28, 2011

Ordinance & Law Coverage-Often Overlooked

One of the most overlooked coverages that building owners don’t have is Ordianace and Law Coverage. Building codes are constantly being updated, but many business buildings may not be exempted from the newer codes simply because they were constructed prior to the enactment of the new statutes. The building laws exposure that this endorsement was originally designed to cover was the exposure created by many local building ordinances, requiring any building which is damaged to some specified extent (such as 50 percent) to be demolished and reconstructed in accordance with current building codes. Other ordinances that could affect rebuilding are zoning laws and ADA compliance.  Ordinance and law coverage is not included as a standard part of a business policy as it actually improves a business’ pre-loss condition. If a business does not opt to add this useful coverage they could end up paying the difference between the covered loss and the cost of bringing the building up to code, or if necessary […]