Shepard Insurance Insights
Winter Travel Tips
Whether it's to visit family during the holiday season, planning a ski trip, or just trying to escape the cold, there are plenty of reasons why you may travel this winter. A bit of preparation can ensure that you do not come home to a mess. "A leak device can provide up to an 8% [...]
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Thanksgiving Safety Tips
Thanksgiving is a time for family, giving thanks, and of course, who doesn’t love the food? While the holidays may mean a day off of work for some, phone lines for insurance companies tend to ring more around this time of year. But why? "While the holidays may mean a day off work for some, [...]
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7 Semi-Annual Homeowner Maintenance Tips
Considering all of the natural disaster damage, and the inflation of building materials, it is clear to see why home insurance premiums are rising. Additionally, it should be clear that any submitted claims you filed against your personal home policy also remain an important driver of cost. "Regularly scheduled maintenance for your home can help [...]
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Ida Relief- Needed Help from Federal Emergency Management
If you are one of the people affected by Hurricane Ida in Connecticut, then you may be in luck. Governor Ned Lamont’s Major Disaster Declaration for Connecticut was approved by President Biden on October 30, 2021 which will give relief to those affected by the storm’s damage. "While FEMA will not cover anything already covered [...]
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FEMA- Federal Emergency Management Association Risk Rating 2.0
What Does This Graph Say? In the graph below, the details show that there were 9 years between 2004 and 2019 that the National Flood Insurance Plan (NFIP), organized by FEMA, has either broken even, or done better, when looking at flood premiums versus flood claims. However, those 3 spike years of significant flooding has more than bankrupted the program. And now, fast forwarding to 2021 with massive flooding in Texas, Louisiana, and then the Northeast, those claims [...]
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Water Damage Claims
Another Challenge in Home Insurance Elsa, Henri, and Ida are long past, but the recovery from the flood claims linger. This creates a substantial hurdle for the real estate market. Insurance companies are working hard to understand climate change, and water damage is at the fore front. "Insurance companies are working hard to understand climate [...]
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