Hurricane season making you nervous? Many people may have post-Irma jitters after the storm we had in the fall. Worry no more with these tips on how to prepare and understand the protection you have.
- Storm deductible vs All Peril deductible…. There is a difference. Most home insurance policies have a standard “AOP” (All Other Peril) deductible of $500, $1000 or even $2,500. This would apply for damage such as fire, theft, water, etc. The storm or “hurricane” deductible applies to damage directly caused by any named storm. Even if the damage can be proven to be from a spinoff tornado, wind or lightning, the storm deductible applies if it was a result of a named storm. This is typically 2% (but sometimes can be offered at $500), which is calculated from the dwelling coverage amount on the policy. Example: $200k dwelling, hurricane deductible: $4k.
- Flood insurance isn’t always available right away so you have to plan ahead. Most times, there is a 30 day waiting period for flood coverage to be effective. Damage from rising water is covered by a separate flood policy, rather than the home insurance policy. Some may think they only need flood insurance if they’re in a designated flood zone or low lying area but flooding can still happen with heavy rain. If you are not located in a flood zone (per FEMA: https://msc.fema.gov/portal), you can still purchase elective flood coverage and simply wait 30 days for the coverage to be effective.
- Other Structures can add up. This coverage on your home policy is usually 2% of the dwelling amount, automatically included on the policy. This covers things like a fence, shed, workshop, and sometimes a screen enclosure. There are typically endorsements you can add if you need more than the provided coverage. These items are commonly damaged by wind so it’s imperative to be sure you the coverage you need for repair or replacement.
- Storm damage to a vehicle is covered under Comprehensive coverage on the auto policy. This applies for falling/flying objects, wind, rain, water as well as vandalism, theft, fire, glass, contact with an animal, etc. Comprehensive is exactly that… it covers a lot. If you have a lien holder on your car, your lender requires this coverage. Double check to be sure you have it as it’s an important one.
- Helpful hints to prepare your home before a storm approaches: trim any trees or branches hanging over or posing as a threat for damage, tidy up any loose debris in the yard or equipment parked around the house, secure windows with shutters or boards, have your roof inspected to ensure no missing shingles, nails or clips. You can also be certain to have plenty of water, nonperishable food, batteries, flashlights or even a generator and coolers of ice in the event of a power outage.
Follow these steps and rest assured that you’ve done all you can for whatever mother nature sends our way. Contact us at 352-371-7977 or firstname.lastname@example.org anytime you have further questions.
It probably wasn’t terribly shocking to many that Taylor Swift’s “1989” won album of the year. Or that Ed Sheeran’s hugely popular song “Thinking Out Loud” took song of the year. Meghan Trainor was a well-deserving recipient of best new artist and Bruno Mars’ Uptown Funk swept record of the year. These are just a few of the gold trophies that went out in last night’s ceremony for the 2016 Grammys.
Awards make people feel a certain kind of way. It’s important in today’s world to recognize and encourage success. Good people doing good things. McGriff-Williams has been honored to accept many awards of our own that we’re very proud of and motivated by.
America’s Best Independent Agency to Work For – Insurance Journal
Tower Tier Award – Tower Hill Insurance for personal lines production
Platinum Agency Award – ASI & Progressive Insurance (less than 2% of agencies receive this award)
Florida Blue Award for Top 5 agency in the northeast region for Medicare supplement sales and Top 10 in the northeast region for individual under 65 plan sales
Florida Blue Award for Top 15 agency overall in the state of Florida
“Witness Greatness” was the takeaway message from last night’s show. We feel confident that’s exactly what will happen with random acts of kindness happening tomorrow too. We appreciate the loyalty of our clients over the past 33 years and are grateful for the various acknowledgments we’ve earned.
We challenge you to share your admiration of others, especially tomorrow, and hand out your own awards…. Whether it’s a smile for a stranger, picking up the coffee tab for the car behind you or sending a handwritten note to someone you haven’t talked to in a while. We all need to recognize and reward good people doing good things.
Insurance companies can suspend home insurance policy binding when a named storm approaches the area.
Florida insurance companies are permitted to suspend the binding (which is simply the final process of securing coverage) of home insurance policies a few days prior to a storm approaching and continue to not allow securing coverage until after (even a few days after) the storm has passed. Named storms are not limited to hurricanes, and can include tropical storms, etc. There are no set rules on when Florida home insurance companies are permitted to suspend the ability to secure coverage and the decision is made by each company individually; therefore, one company may suspend limit securing home insurance coverage to 5 days out, while another company may allow home buyers to secure coverage 3 days out.
What if I’m purchasing a home and my closing is during this time? If your insurance has not been finalized prior to the time of suspension your closing may be delayed.
How can I prevent delaying the closing process? Confirm with your insurance agent that all information has been provided and the application has been completed (i.e. signed, etc.). Take action early – Do NOT wait until the last minute to purchase home insurance during hurricane season.
What happens if there is a suspension during the time of my closing, but I completed the application process prior to suspension? If all documents were submitted to your agent prior to suspension, but the date of closing is during the suspension, your coverage will still be put in place on the date stated on the insurance application paperwork.
Why do Florida home insurance companies suspend the ability to secure coverage when a named storm approaches? Florida homeowners insurance companies have implemented their authority to suspend the ability to secure coverage in order to prevent home owners from attempting to secure insurance only during times they see as an immediate threat.
Let’s look at an example:
Assume you are purchasing a house in Florida and your closing is the last day of the month. A week prior the news is broadcasting about a storm that may potentially affect the state. You’ve received a quote for your home insurance but have not yet contacted your agent to secure the policy. Insurance companies tend to suspend binding as the storm approaches the state. Since there is no set rule as to when these suspensions are put in place, it’s best to contact your agent if there’s a chance of the storm approaching and your closing is in the near future.
If you wait until the storm reaches the Florida coast, it’s possible that you will be unable to obtain insurance, thus delaying your closing.
The Builder’s Association of North Central Florida (BANCF) does a wonderful job of organizing to Parade of Homes in Gainesville and surrounding areas (Alachua, Newberry, etc.) With all the new construction popping up in Alachua County, in particular residential construction (home building), it’s no surprise the Parade has almost 30 homes participating this year. Some of the newest developments in Gainesville will be featuring homes, such as Oakmont and Finley Woods.
Below is a list of the communities and builders participating in the parade, as well as the address of the homes. The digital version of the official Spring Parade of Homes guide for 2015 can be found here.
The Parade of homes will take place Saturday, April 11th – Sunday, April 12th and Saturday, April 18th – Sunday, April 19th from noon to 6:00 pm on both weekends.
Please note, the list below is in alphabetical order by community. We recommend referring to the 2015 Spring Parade of Homes map for guidance on location and planning out your route.
Bailey Estates in High Springs
19113 NW 228th Street in High Springs
9939 NW 19th Road
6265 SW 50th Way
Tommy Williams Homes
4963 SW 63rd Lane
Spain & Cooper Homes
4029 NW 63rd Street
4074 NW 63rd Street
Hailey Forest Condominiums
4651 SW 48th Drive, #144
1252 NW 50th Drive
7845 SW 79th Drive
15521 NW 136th Terrace in Alachua
Arthur Rutenberg Homes
2835 SW 117th Street
Barry Bullard Homes
2762 SW 117th Street
ICI Homes (2)
2724 SW 117th Street
2723 SW 188th Terrace
Jeffrey M. Wilde Builder (2)
2808 SW 117th Street
3223 SW 115th Terrace
Tommy Waters Custom Homes (2)
3215 SW 115th Terrace
2836 SW 117th Street
Tommy Williams Homes
2817 SW 188th Drive
Howe Development Corporation
16685 NW 193rd Terrace in High Springs
Old Oak Estates
19118 NW 41st Road in Newberry
16228 NW 121st Lane
2286 NW 51st Avenue
New Generation Home Builders
11949 NW 13th Road
Town of Tioga
691 SW 136th Street
773 SW 135th Way
G.W. Robinson Homes
13718 NW 30th Road
2808 NW 137th Terrace
13668 NW 30th Road
10428 SW 41st Avenue
15237 NW 149th Road in Alachua
How does it work? It’s simple: If you’re a Davidson Realtor and you refer an individual to our agency for an insurance quote we will donate $10 to Davidson Cares.
The Details You cannot provide us with the contact information of the referred individual(s), but rather they must contact us at (352)371-7977 or by email. If you have a preferred agent you work with, please feel free to provide your client with his/her information, otherwise they can email email@example.com.
You can rest assured we ask each person that contacts our agency for a quote where they heard of us.
Please know that donations are not contingent on whether or not the policy is written. We are grateful to have an opportunity to provide a quote, and appreciate you recommending McGriff-Williams Insurance.
Have questions about the program? Contact McGriff-Williams Marketing Coordinator, Kaitlin Gertner (firstname.lastname@example.org).