All Insurance Policies Are Not Created Equal

January 18th, 2018 | Posted by admin in Uncategorized

As general as the phrase is – “Weather Insurance,” does not protect all weather conditions. Weather insurance has specific coverage that vary from rain insurance, snow insurance etc. Often times, people think that all conditions fall under one policy, but that is normally not the case. Policies are specific (as they should be). Your getting specific coverage for a specific time under a specific condition. But often time, there can be confusion. It recently happened to a homeowner during the┬áVentura County mudslides. The devastation from the Thomas Fire and subsequent mudslides have taken the ultimate toll on the community, claiming dozens of lives, destroying hundreds of homes, and hurting small businesses on the Central Coast. A homeowner had typical homeowners insurance policy which did not cover losses or expenses caused by flood, mudslide or mudflow. Instead a flood insurance policy would have.

The confusion lies in the definition of a flood. A flood is considered by FEMA, the Federal Emergency Management Agency, as “a general or temporary condition, partial or complete inundation of more than two acres of what would normally be dry land, it has to consist of two properties, so it has to be your property and at least one other adjacent property and it can come from overflow of inland or tidal water, unusual or rapid accumulation of runoff or surface water or it can be caused by mudflow.”

Then another definition to consider is what is the difference between a mudslide and mudflow? Well it’s simple. A mudflow is something that is covered under a flood policy whereas mudslide is not. This loophole has stopped many homeowners from getting coverage. In the Montecito mudflow disaster, it is very likely most homeowners will be able to prove that the recent wildfires were the cause of the mudflow and any damages that occur including living expenses for those who are evacuated will be covered by insurance.

To prevent this from happening to your event, get flood insurance with US Weather Insurance! Our representative will take the time to read through the contract with you to avoid any unforeseen risks. Give us a call at 888-882-5440!

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