Whether you subscribe to theories of global warming, changes in weather patterns and so on, we can’t dispute what has been happening in our communities over the past decade or so. As I spend my days speaking with homeowners and visiting storm ravaged homes, the need for improved community planning and building codes for our coastal regions is indisputable. With that however comes the need for economic relief for homeowners, businesses, and communities that have been affected and lie vulnerable to future loss from naturally occurring events such as wind and flood. Part of that solution is the NY Rising community revitalization program.
For those who have suffered a loss due to Meteorologic Event Sandy, Hurricane Irene or Tropical Storm Lee this could be the solution for full indemnification of your loss and possibly the only way for some families to get back home. The program has also been developed as a means to mitigate against future loss along our vulnerable shore lines and waterways.
Some may dispute why we should spend tax dollars to help those who choose to do business or live in these seemingly vulnerable areas. The short answer to that, at least in my opinion, is these losses not only take a toll on those who are directly affected. These losses effect the economic stability of entire communities leaving us all vulnerable whether we live by the water or not.
None of this is an overnight proposition. We have years of rebuilding ahead of us. It is time to work together as community members whether professionally or as a personal outreach. There is something for everyone to do to lend a hand as we rebuild our communities, bigger, better and stronger than ever.
If you live in a flood zone and have a detached garage one thing you might need to know is when to build that little piece of roof between the garage and the house and when not to. This comes up all the time and the worst time for the issue to be discussed, is after the fact. Don’t wait for the storm to hit to understand that $1000 in building materials may have paid for itself many times over in the event of a single loss.
If your garage is on the same grade as your main structure having that little bit of roof may increase your policy coverage from 10% of your total policy limit (for policies with at least 80% coverage) to full coverage since at that moment it is an attached structure and fully covered. If however you are elevating your home and not the garage, you’re most likely going to want to knock that breezeway out because your policy will be rated at the lowest point of the structure and with the attached garage….would be rated as if the entire risk is in the base flood zone. Ouch!!
Remember, you can never use your detached garage for farm use, residential space or business if you want it covered by your flood policy. It’s always the safest to have a good, reputable, flood broker take a look at your specific home and details to minimize your premium and maximize your coverage.
Have an amazing day and remember to CYA….Cover Your Assets!!Click here for reuse options!
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