Sep 1, 2021
When was the last time you had someone review your insurance policy? Are you confident that you’d be covered for the full value of your property should a disaster strike? How concerned should you be about flood insurance? Here to address some common questions about homeowners insurance and much more is my good friend and guest, Matt Dzubin.
Matt has over 20 years of experience in the insurance industry and currently works as a Sales Executive at Roland Dumont Agency in South Windsor, Connecticut. Pay close attention, Matt has some valuable insights that you don’t want to miss!
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You will want to hear this episode if you are interested in...
- Learning about property insurance [1:30]
- Adjusting for inflation and making sure you are completely covered [4:00]
- Understanding who needs flood insurance [7:00]
- What is covered under most homeowners policies [10:45]
- Closing thoughts [16:00]
Why you need a fresh review of your insurance policies
It is a good idea for all homeowners to review their policy at least on an annual basis. While you might not make it an annual habit, don’t let your insurance policy go too long without getting a fresh set of eyes! Remember, your insurance policy dictates the type of coverage and benefits that you will receive if a loss or claim should happen.
Over the years, you’ve likely invested in your property and improved it in significant and meaningful ways. It would be almost impossible for many homeowners to try to build back from a disaster if they were only covered for the value of their home at the time they set up their insurance policy! Don’t let that disaster scenario happen to you - tune into this episode to learn more about getting the right homeowner's insurance policy.
Do you really need flood insurance?
More than 1 million homes and businesses in Louisiana and Mississippi — including all of New Orleans — were left without power as hurricane Ida, one of the most powerful hurricanes ever to hit the U.S. mainland, pushed through on Sunday, August 29th, 2021.
With this massive weather event occupying the headlines, many people around the county find themselves wondering if they need flood insurance where they live. Has that thought crossed your mind? Do you live in an area that deals with occasional flooding?
The National Flood Insurance Program (NFIP) is managed by the Federal Emergency Management Agency and is delivered to the public by a network of approximately 60 insurance companies and the NFIP Direct.
Flood insurance is available to anyone living in one of the 23,000 participating NFIP communities. Homes and businesses in high-risk flood areas with mortgages from government-backed lenders are required to have flood insurance.
To hear Matt expand on the topic of flood insurance and so much more, make sure to listen to this episode!