Every hurricane is different and Isaac is no exception.
Although a minimal storm, Isaac’ storm surge still over topped levies in
Louisiana and caused wide spread flooding in areas where the levies were not
over topped. Also, tornadoes and straight line winds caused some significant
structural damage, but overall Isaac will be remembered as a flood event and
not a wind event.
Flood presents its own challenges though. First, flood
damage is not covered by homeowners policies and it doesn’t matter whether the
flooding arose from water driven by wind or simply an accumulation of rain. If
you have a flood policy, you needn’t worry because you’re covered: right? Well
yes and no. Yes you are covered, but coverage can be very restrictive,
particularly for damages that are below the base flood elevation (BFE). Also,
decks, fencing, other structures also have coverage limitations. Now is the
time to break out your flood policy and read it. Don’t have a copy? Go to http://www.fema.gov/national-flood-insurance-program
and download the latest copy of the Flood Insurance Manual.
Pay particular attention to the time limit in which to file
a proof of loss. The standard time frame is 60 days, but for catastrophes it is
usually extended by the NFIP. Your flood adjuster does not have the authority
to extend the time limit for the filing of a proof of loss so make sure you get
one in on or before the time limit.
Bill
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