Hurricane Insurance Deductible Waived For Homeowners

Hurricane Sandy Deductible WaivedPost Date November 11, 2012 – Hurricane Sandy was the most destructive weather event in the northeast over the last 60 years.  The death and destruction from Sandy will be felt for decades.  Law makers in the effected eight states and the District of Columbia recently announced a temporary change in Homeowners Insurance Rules to help many of those affected.  To help reduce the sting associated with the expense from the mandatory hurricane insurance deductible, Insurance Commissioners in those effected states will waive the hurricane insurance deductible for that homeowner.

The burden of a Hurricane Insurance Deductible will not be a burden for Sandy homeowners victims

The trend started when Karen Weldin Stewart, the Delaware Insurance Commissioner stated homeowners in the “First State” would not be required to pay a deductible associated with Sandy’s Hurricane Insurance Deductible. On November 1st;  Pennsylvania’s  Governor Tom Corbett announced PA Residents would also not need to pay a hurricane insurance deductible.  It’s obvious a Hurricane Insurance Deductible would add an additional burden to Pennsylvania Homeowners already enduring the expense of cleaning up and rebuilding their lives after this devastating event. Homeowners insurance policies in PA have different types and names for their state deductibles. They can be called Tropical Storm, Named Storm or  just referred to as Hurricane.  The bottom line is the Super-Storm that plagued the northeast was named “Hurricane Sandy”.

The states affected by Hurricane Sandy are the following;   Pennsylvania, New Jersey, Maine,  Delaware, Rhode Island, Connecticut, Maryland, New York and the District of Columbia. This came as welcome news to many of our customers.  In many situations, I have customers with deductibles as high as $2500.00 for higher value homes or those whom are members of a Condo Association.  In those situations, It makes more sense to raise the insurance deductible which will lower the their insurance premium. In addition, a condo association can share the expense of a larger deducible by dividing up among the condo association members and lowering the overall risk.

-Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 206

 

Social Networking Scam is a growing threat – D.C. Regulators Say

Wednesday’s Post 11/02/11 – Even in cyber space, it’s easy to deceive or even swindle internet users, says The Washington D.C. Department of Insurance, Securities and Banking.   To avoid  being tricked by others on the world-wide web, people should make sure that they know whom they are transacting with on the internet, especially when it involves buying investments or insurance is done through referrals,  friends, followers, or just mere fans on social networking sites. This was emphasized by the regulators on October 19, 2011 because of the many reported complaints from those whom were cheated just this year on financial investments and insurance. The Insurance Department Commissioner gave a warning;  “just because someone added you as his friend does not mean he/she is reputable you or  you should trust that person to invest your money or sell you insurance”.  In addition, the person behind the profile may be deliberately mimicking your “likes” and “interests” for your trust to be gained and eventually luring you into a deception  The scheme of “affinity fraud” has been used by these high-tech con artists for some years now. Most of the targets are those subscribed through traditional offline social networks like that of community service groups, professional associations on the web or even the faith-based organizations.    To get your attention, these scammers creep into  groups of individuals connected through mutual interests, hobbies, lifestyles, professions or faith to establish strong bonds through cyber contact which may include face-to-face and even sharing of personal interest to gain trust before delving deeper in presenting their dark motives. Cases like these have become rampant among social networking sites of today.    Because of the rising popularity and established reputation of famous social networking sites like Facebook and Twitter, con artists have made it easier to connect with their prospect victims as they try to establish trust and credibility. Crooks selling scams are increasing in number as they log on to these sites to find investors and their money, says the commissioner.

Anyone who has read my Blog Post’s over the last few years knows this is not a subject to be taken lightly.  I have discussed the Auto Insurance Web Sites which are not licensed to sell you auto insurance but deceive you into thinking they can.  These so call insurance sites merely collect your private personal information to sell to a third-party. The biggest indicator that an auto insurance website may not be licensed is as simple as having a phone number.  Why would any legitimate insurance website not have a telephone number for you to call. Answer; they really may not want to speak with you so you can’t ask questions they don’t have the answer for.

-Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

 

InsureDirect.com offices Shake From Earthquake

On Tuesday August 30, 2011,  a strong earthquake rattled the East Coast of the US starting in the State of Virginia. The earthquake was so strong that it could be felt as far as Pennsylvania and inside the corporate offices of InsureDirect.com in Lansdale, PA which is 35 miles northeast of Philadelphia and all the way to Canada. The earthquake has shaken buildings, delayed flights and trains, and sent confounded workers inside buildings into the streets. Despite its severity, the 5.9 magnitude earthquake had not  injured or taken anyone’s life. Despite this, the Pentagon and the US Capitol, in Washington DC, were briefly evacuated. The states effected were Virginia, Maryland, Delaware, New Jersey, Pennsylvania, New York, Connecticut, New Hampshire, Vermont and Maine.

Spokesman; Larry Beach said that the quake could still be felt 83 miles from the epicenter. Larry works at the US Agency for International Development in Washington. 5.5 to 6-magnitude earthquakes have the ability to shake, and bring forth damage to the building; especially when the quake is shallower. Amtrak, in line with the destruction caused by the earthquake, commenced a reduced speed policy between Washington and Baltimore. In addition, track crews are busy checking rails for damage. Two nuclear reactors in Virginia were shut off for safety’s sake; traffic lights, too, have been shut down for a short time after the tremors gradually ended. A spokesman says that three pinnacles from the center tower of the Washington National Cathedral have broken due to the quake.

Due to the intensity of the earthquake, some people living in high-rise building experienced sea sickness during the earthquake due to the shaking motion of the building. The earthquake grounded all flights in John F. Kennedy International Airport and Newark Liberty Airport for a brief period of time due to the evacuation of Tower Controllers. “I thought I was dizzy and I needed to drink more water,” said the manager of Sportello, Heather Kennaway. He was at first unaware that it was an earthquake which sent him off his feet. Vacationers at Hamptons, one of the highest-rating islands, also felt the tremors. Many grabbed their cell phones to contact loved ones while other began inquiring whether a tsunami was on its way or not.

If you have Homeowners insurance, you should understand your coverage may not cover earthquake damage.  Under normal circumstances you will need to purchase an additional coverage or seperate rider to provide coverage for such perils.  If you have homeowners insurance through another company or broker and you have not been contacted lately to review your coverage – give us a call.  The agents at InsureDirect.com will be happy to review your current Home or Auto Insurance Policy and see if we can save you some money and even increase your coverage.

– Mike

 

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