Flood insurance - a primer for homeowners

What is a "flood" that is covered by flood insurance?  Well, it's not a sewer backup unless you purchase that specific coverage from your insurance broker.

Writing in the Detroit Free Press Susan Tompor covers " Hard lessons about flood insurance policies."  Among them, know what your policy insures.

Many sewer lines across the country are aging. Pipelines that handle both storm water and sewage can become overwhelmed and back up.

J. Robert Hunter, director of insurance for the Consumer Federation of America, said his son faced damage from a backed-up sewer in Baltimore and was covered. But he said many people don’t realize they need to buy an endorsement or they don’t ask if their standard policy offers the coverage.

So, before the next storm or sewer backup, it might be a good idea to check your flood insurance and homeowner's insurance policies to determine what is and is not covered.  Read the full article.

For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us. We can help. Located in Fairfield, NJ, we are the title insurance agent that does it all for you.

For your next title order or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow AT vested.com

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