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Fallout from Recent Flooding

June 20, 2018
2:30 PM

Insurance Commissioner Al Redmer Jr. is urging producers and carriers to offer adequate coverages in light of consumer complaints following recent flooding. Redmer issued two bulletins on the subject:

Bulletin 18-10 addresses the need for producers to offer water/sewer backup coverage and goes on to discuss related coverage-offer and coverage-limit requirements.

Bulletin 18-11 reminds producers to “advise their clients to consider the costs and benefits of flood insurance coverage, regardless of whether their property is located in a flood zone.”

RELY ON OUR RESOURCES
Educate your customers on their risks and coverage options to stay in the insurance commissioner’s good graces. As a reminder, you have access to our extensive library of vetted consumer education pieces – included one on flood insurance and water/sewer backup coverage. The information is available as professional designed, customizable flyers and as raw copy for you to repurpose as you see fit (think: website content, social media posts, etc.).

Also be sure to document conversations you have with your customers. Our sample Flood Insurance Notification and/or Rejection of Coverage form can help.

AID BEYOND INSURANCE
The U.S. Small Business Administration approved Gov. Larry Hogan’s request for a physical disaster declaration for Frederick County. Hogan also requested a presidential disaster declaration. These declarations open up loans to residents and property owners in the area.

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