Clarke & Sampson Blog

Scott Jefferson

Recent Posts

Hurricane Preparedness

Posted by Scott Jefferson

Sep 10, 2013 11:45:00 AM

Hurricane season began as of June 1, and although storm activity has been limited so far, we shouldn’t let our guard down. Hurricane season extends through November 30, with some of our worst storms on record occurring in the latter half of the season. Here is some quick insight on hurricane basics and how to prepare (in advance) for the big one.

To start, here is a quick run through the terminology:

Tropical Depression – Tropical cyclone with maximum sustained winds of 38 mph or less.
Tropical Storm – Tropical cyclone with maximum sustained winds of 39 to 73 mph
Hurricane – A tropical cyclone with maximum sustained winds of 74 mph or higher.  When these types of storms form in the western North Pacific, hurricanes are called typhoons.
Major Hurricane – A tropical cyclone with maximum sustained winds of 111 or higher, corresponding to a category 3, 4, or 5 hurricane.

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Topics: Hurricane Preparedness, Personal Insurance

Reevaluating Flood Insurance

Posted by Scott Jefferson

Jan 8, 2013 11:58:00 AM

For many property owners, flood insurance seems optional or unnecessary. The mortgage company doesn’t require it, the house is paid off, the property isn’t in a flood zone – these are a few common justifications for not carrying flood insurance. Unfortunately, many property owners using these justifications are also finding themselves literally underwater. The frequency and severity of storms and weather patterns is changing, particularly with regard to hurricanes. Hurricane Sandy perhaps highlights this best with an estimated $20 to $30 billion in uninsured flood losses (Wall Street Journal). Given our recent flood related experiences, we believe it is time for all property owners to reconsider flood insurance.

Flood insurance covers the insured building, foundation, electrical systems, plumbing, appliances, heating and air, personal belongings, household items, and debris removal, just to name a few. It is important to note that flood damage is NOT covered by your homeowners policy.

Flood Facts:

-Flood policies start at $129 per year, but average $600 per year.
-The average flood insurance claim is $30,000.
-25% of claims filed within the National Flood Program occur within moderate-to-low risk areas.
-Flood insurance takes effect 30 days after purchase, so it is important to buy before the threat of a storm or high waters.
-Floods are the most costly natural disasters in the United States.

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Topics: Flood Insurance, Flood Facts, Personal Insurance