From California Floods to significant exposure for Earthquakes.
Recent flooding in California has exposed significant insurance coverage gaps for property owners. The recent storms have caused widespread damage across the state, and it has become evident that many residents were not adequately prepared for the disaster. As we have seen in the past, having adequate insurance can greatly assist in managing risk and recovering faster after a disaster.
Many clients do not purchase flood coverage and only ten to twelve percent of Californians have earthquake insurance. It is human nature to believe that certain catastrophes will not affect us. That is why we urge our clients to offer catastrophic insurance coverage for earthquakes before an event occurs. With this coverage in place, you can have peace of mind knowing that you are protected in the event of a disaster.
Coverage gaps not only negatively affect your client but can also lead to E&O exposure. A lesson often learned too late after every catastrophe is that you should educate your clients, offer them a quote, and record such an offering in your insured file.
Don't leave anything to chance. Contact us today and take advantage of our expert guidance and protection. Our team is ready to answer any questions you may have and help you customize a policy that fits your specific needs.