Shepard Insurance Insights
Water Damage
Water Damage Elsa, Henri and Ida providing coverage intel and change Living through 3 massive rainstorms within a 60 day period last summer, one of which was referred to as a 500 year storm, provided an education as we move forward with climate change. "flood is one of the written exclusions on all home policies" [...]
Read More
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% [...]
Read More
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, [...]
Read More
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 [...]
Read More
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 [...]
Read More
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 [...]
Read More