The snow melts. The ice thaws. The spring rains begin. And your basement fills with water.
Congratulations! You finally have that indoor swimming pool you always wanted! Only as you put in your laps, gazing downward through your goggles, you see not coral and sand, but your washer, dryer, furnace, home theater and your kids’ game machines. And, trust us, you can’t just hang an XBox out to dry for a few hours and expect it to be ready for that next war games tournament. How are you going to get paid for all this water damage?
You may think you can turn to your homeowners policy. Others will tell you the proper coverage is only available through a flood insurance policy. But, to your chagrin, you may learn a disturbing fact: As routinely written, depending upon the specific details of your loss, either policy may pay little or nothing.
There is a solution. Be certain you have both policies, properly coordinated with the necessary endorsements, by a capable professional insurance advisor. Only then will you have any assurance that the various types of water losses arising from snow, ice or rains will be addressed. Talk to your advisor today, before discovering that your coverage sank beneath those waters right along with your flat-screen TV.
©2013 Selective Ins. Group, Inc. (Branchville, NJ). "Selective" insurers include Selective Ins. Co. of America, Selective Ins. Co. of New England, Selective Ins. Co. of N.Y., Selective Ins. Co. of South Carolina, Selective Ins. Co. of the Southeast, Selective Way Ins. Co., Selective Cas. Ins. Co, Selective Fire and Cas. Ins. Co and Selective Auto Ins. Co. of N.J. Insurers and products available vary by jurisdiction.