Flood insurance, contrary to popular belief, is not an optional extra on a homeowner’s policy.  It is an entirely separate policy that needs to be purchased and a recent, excellent article in the Sarasota Herald underlines some interesting, though horrendous, facts about flood.  Quoting from the article, “For an average 2,000- square-foot home on a concrete slab, an inch of water inside causes $21,000 in damage, according to federal figures.”  There is a link to the full article below, with much of the focus on storm surge maps, yet homeowners should remember that flood can be caused by heavy rain accumulating and inundating two or more properties or two or more acres.  Given the intense rainfall that the Gulf Coast experiences, this is a far from impossible scenario, so homeowners should carefully consider whether or not to buy flood coverage.  I have heard customers tell me that “we are not in a Flood Zone,” yet everybody is in a Flood Zone, though some are more at risk than others.  For the so-called “not in a Flood Zone” people, a Preferred Risk Policy (PRP) is available which, currently, charges $365 premium for $250,000 of buildings coverage and $100,000 of contents coverage with only a $1,000 deductible on each section.  That may very well turn out to be the best $365 you’ll ever spend.

http://www.heraldtribune.com/article/20111022/ARTICLE/111029841

Please call Steve Adams on 941-373-1313, or email me at sha@adamsiac.com for more information.       

Adams Insurance and Consulting have exciting news to share with you.

Since we started our independent insurance agency in 2009, we have been steadily growing our book of business and have concentrated exclusively on providing high quality service to our customers for their personal and commercial lines of business.  While I was setting up the agency with my wife, I decided to earn the qualification to sell life and health policies, a qualification that I subsequently achieved.  We have consistently turned down opportunities to expand into that business until we felt that we could allocate sufficient time to that effort.

My wife and I have been carefully planning our entry into the market and I’m pleased to announce that we have partnered with several highly-rated carriers for life and health business and are now ready to offer you the same excellence in service and competitive pricing that we have tried to offer over the past two years in our other lines.

If you are interested in a fresh look at your life and health insurance requirements, please call me and I'll be delighted to help.  I look forward to hearing from you.

Call Steve Adams on 941-373-1313. 

One of the biggest problems with many insurance transactions is that a problem only comes to light once a loss has taken place.  The policyholder believes that he has coverage for pretty much every eventuality, but, in an effort to reduce the premium as much as possible, customers will often find that the wording of the policy restricts coverage or that the customer retains more in the event of a loss.  As a consequence, it is important that you discuss the coverages with your agent and that you understand what is and is not covered, as well as how much will you be responsible for in the event of a claim.   

Please contact Steve Adams on 941 373 1313 or email me at sha@adamsiac.com

Many Florida homeowners are missing the opportunity for potentially huge discounts in their home insurance policies by failing to get a Wind Mitigation Inspection on their property.  Most insurance carriers grant substantial discounts for properties built to the Florida Building Code 2001, yet many homes built before that time have had new roofs installed to code in the past ten years and some owners have missed this great opportunity. 
The report basically assess how well prepared your roof is to withstand the high winds that occasionally hit our state.  There are plenty of licensed inspectors in Florida and they charge between $75 and $90 for the inspection.   We can refer you to some reliable inspectors and strongly urge you to consider having an inspection on your roof if you haven’t already done so.

Call Steve Adams on 941-373-1313 for more information