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Water Damage vs. Flood Damage

Water Damage vs. Flood Damage

When it comes to insurance, floods and water intrusion are two different things.

In this article, we cover the difference between water damage and flood damage.

 

Every living thing on earth relies on water to survive. But the very thing that keeps us alive can also cause a lot of destruction.

Flood and water damage claims are extremely common, affecting tens of thousands of Americans every year. Luckily, there are insurance policies that can provide a layer of protection against the costs of water and flood damage.

But, while water damage is typically covered under your homeowners insurance policy, flood damage isn’t. In fact, the insurance industry has completely different definitions for these terms (and different policies to cover each one).

Let’s take a closer look at the difference between water damage and flood damage.
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Insurance Terms Every Policyholder Should Know

Insurance Terms Every Policyholder Should Know

Are you feeling stymied by your policy’s jargon?

Here is a list of some popular insurance terms to help you understand it.

 

Deductibles, assumption, subrogation…sometimes, it feels like you need to be an insurance agent to understand your policy!

But at Harry Levine Insurance, we believe in insurance transparency. The way we see it, the more you understand the clauses and numbers listed on your policy, the more “in-control” you feel over your coverage.

Below, you’ll find a list of common insurance terms to help you decipher all that paperwork. Of course, if you have any additional questions, our friendly agents are ready to assist you!
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Smart Home Insurance Discounts

Smart Home Insurance Discounts

Today’s tech doesn’t just make our lives easier, it protects our homes and makes them more energy efficient. Who doesn’t love that?

Your insurance company loves it, too. Having an extra layer of protection against theft, damage, and other forms of risk means less claims to pay out on. So it should come as no surprise that many insurance carriers are beginning to offer smart home insurance discounts if these devices are installed in your home.
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Your Quick Guide to Florida Insurance Laws

Settling down in the Sunshine State?

Florida remains one of the most popular states in the country, with roughly 900 people moving to the state every day. That’s 330,605 new residents each year! And frankly, with year-round sunshine, warm temperatures, beautiful sandy beaches, and countless things to do, who can blame them?

But if you’re planning on joining us in this wonderful state, you’ll need to know more than what hours Disney is open. Here are some of the things you need to know about Florida insurance laws.

Keep reading our guide so that you’re prepared for your big move.
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First-Party vs. Third-Party Cyber Risk Insurance

Business owners who forego cyber risk insurance usually cite the cost as a deterring factor. But with the average cost of a cybercrime at $200,000 (and this is a conservative estimate!), you can’t afford not to have it. That amount might be a drop in the bucket for a Fortune 500 company, but for small and home-based businesses, it can spell disaster.

This is why we so strongly recommend cyber risk insurance for all types of business owners. Because you never know when you may become a target to this type of crime, protecting yourself at all times is essential.
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