Flood Insurance

When your home is flooded, it can lead to financial ruin if you don't have the proper insurance. Homeowner insurance does not cover flood damage, but Federal Flood Insurance does. Flood insurance also covers mudflow, dirt and debris resulting from moving water.

You don't have to live near water to be at risk. Approximately 30% of all flood claims occur in low to moderate risk areas.

Homeowners with mortgaged property in a Special Flood Hazard Area (SFHA) are now required by federal law to obtain flood insurance. Lenders must comply by requiring flood insurance on the outstanding mortgage balance for the life of the loan.

Your coverage is based on your home's value, minus your land value. Flood Insurance up to $250,000 is available for residential buildings and also the option of up to $100,000 for contents. Since flood policies are backed by the government, all valid claims are 100% guaranteed.

There is usually a 30-day waiting period, after applying and paying the premium, before the flood insurance policy becomes effective, but there are some exceptions when flood insurance is required by a lender.

Personal Umbrella Liability Insurance

Homeowners, auto, and watercraft policies have a limit on liability insurance. If an unfortunate accident should happen that is your fault, do you have enough liability insurance from your current policies to cover your costs for negligence? Since no one can predict how much a judge may award the injured person, umbrella insurance is not just for the wealthy anymore, but a needed protection for every policyholder.

Umbrella insurance is designed to give one's additional liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, depending on the insurance company, one can add an additional 1-5 million in liability protection.

Watercraft Insurance

Watercraft insurance works similar to the insurance for your car, and can protect in the same way. But, since watercrafts have different features than your car, you will want to make sure you have all the coverage's you need and any savings that may lower your premium.

If you have your boat on a loan or use a marina, you will probably also be required to insure your boat.

Insurance coverage's you will want for your boat:

• Liability
• Physical Damage
• Theft
• Medical Payments
• Motor Coverage
• Trailer Coverage
• Boat Covers
• Docking Fenders
• Communications Devices

• New Boat
• Automatic Fire Extinguisher
• Burglar Alarm
• Ship-To-Shore Radio
• Approved Boating Education Course

Motorcycle Insurance

Motorcycle Insurance typically offers a combination of collision, liability, theft, and related coverage designed specifically to meet the needs of motorcycle owners.

If you own a motorcycle whether you ride it or not, you need this coverage to protect you from theft, collision, and other common exposures.

Some of the items that may affect premiums:

• Your driving record
• Where you keep your cycle (in the open or in garage)
• Your credit record
• How many years you have been driving a motorcycle
• Your age
• Previous Cycle Coverage
• Anti-theft devices

Many insurance companies offer discount for being a member of associations such as the Harley-Davidson Owners Group (HOG), American Motorcyclist Association (AMA) or the Honda Rider's Club of America (HRCA).