The Claims Department at Universal Property & Casualty Insurance Company (UPCIC) is ready to help resolve your claim as quickly and efficiently as possible. If you have suffered a loss or damage your claims process begins here. Before you start the claim process the following steps should be taken to minimize loss:
BY ANGELA GREILING KEANE, BLOOMBERG
May 6, 2014
(Bloomberg) -- More than half the U.S. population lives in coastal areas that are “increasingly vulnerable” to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory group’s report concluded.
The report released today enumerates the impact across the U.S., including a 71% increase in heavy rain and snow in the Northeast during the past half-century and an increased risk from hurricanes linked to higher sea levels.
Flooding is nature's most common natural disaster. The average homeowner is five times more likely to incur flood damage than fire damage. If you live in a high-risk zone, you have a one-in-four chance of experiencing flood damage. Almost 25% of all flood claims come from low- to moderate-risk areas and 90% of all presidential-declared disasters involved flooding. Homeowner's policies may not cover the flood damage, and the out-of-pocket costs can be burdensome.
Flood insurance is designed to provide an alternative to disaster assistance to reduce the escalating costs of repairing damage to buildings and their contents caused by floods. While your homeowner's policy may cover fire, tornado, or even earthquake damage, most EXCLUDE damage caused by flooding. Those that cover SOME flood damage do so by specific endorsement and only for a certain dollar amount. Check with your insurance agent to see what coverage is available.
To learn more about flooding, flood risks, residential coverage, commercial coverage, preparation, recovery, etc., visit our Flood Insurance page.
Earthquakes, floods, and other disasters can seriously disrupt normal life. Services may not be available, transportation may be cut off and roads may be blocked. In some cases, you may be forced to evacuate. Be ready to respond to any situation by assembling and maintaining a Disaster Supplies Kit.
Click 'Read More' below for the Disaster Supplies Plan.
Call us at 508-540-2601 for more info.
At our Cape Cod Insurance Agency, located in Falmouth, MA - we offer 15 home insurance carriers for your coastal houses.
Navigating life's big decisions and developments can be challenging... buying your first home or boat, getting a new car, choosing the right policy to protect yourself and your family on Cape Cod.
Those are the moments when all roads lead to Calfee Insurance. We are your local insurance answer to help you, protect you and insure all that's important to you. We understand Cape Cod life, because we're living Cape Cod lives.
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House Passes HB 3370-still requires Senate approval and Presidential signature
The Homeowner Flood Insurance Affordability Act, HB3370, passed the House in a bi-partisan vote of 306-91 last night with no amendments. To become law this bill must be re-considered by the Senate and signed by the President.
"It is noteworthy that by passing HB 3370, the House not only sought to prevent rate increases but offered a livable alternative that would provide relief to property owners while still providing a path for the NFIP to reach actuarial soundness," stated Patty Templeton Jones, COO Wright Flood.
It is anticipated that the Senate will concur and send this bill for rapid signature by the President.
Once the bill is signed, FEMA will begin their study and implementation phase and we will provide more information once full details of the bill are known.