Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Cheap Car Insurance 2020 – How to Compare Auto Insurance Rates and Save Money


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“Use online quotes to compare offers in your area and get the best deal. Our website will help you get free quotes and compare all available offers”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains how the clients should compare car insurance rates and save money.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/find-the-best-ways-to-compare-auto-insurance-rates/.

When determining rates, companies analyze a multitude of socio-economic factors. Age, gender, employment status and driving history are top influential factors. In order to have an idea of how much they are expected to pay, clients should get free quotes from http://compare-autoinsurance.org/.


  • Analyze the factors used by the companies to determine premiums. Companies analyze multiple factors when calculating rates. The most influential factors are: car’s make and model, driving history, demographic factors, recent claims and traffic violations and coverage options. All these variables are added in a rates calculator and the client will be presented with an insurability score and a quote. Each factor has its importance. For example, married persons are statistically safer drivers and they end up paying less on car insurance.
  • Understand the risk profile, then look for providers that will accept the case. For Standard and Preferred drivers, the insurance process is really simple. Make a list with top reputable companies and get quotes for each one of them. Things get complicated for high-risk drivers. They must find non-standard carriers, get quotes and compare prices. Comparison is really important in this case, since high-risk drivers will have to pay a whole lot more.
  • Use brokerage websites to get and compare multiple estimates. There will be many smaller, more local companies included in those quotes obtained from brokerage websites. But in many cases, smaller companies offer top competitive services at lower costs. It really pays to shop around and not limit the options to just 2 or 3 companies. Furthermore, all results are obtained using the same data and for the same product. This gives no room for errors. Clients who use brokerage websites can quickly sort offers by prices. But do not be guided only by price. Check what other benefits and bonuses can be obtained by applying to each offer.
  • Adopt better driving habits. Making several changes will help drivers get better rates. Many insurance questionnaires ask about installed anti-theft devices, graduating defensive driving or installing telematics. These will help lower the costs.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information and free car insurance quotes, visit http://compare-autoinsurance.org/.

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360 Coverage Pros Adds Pilot and Docking Master Coverage Options To Marine License Insurance Program


360 Coverage Pros announced today the addition of Pilot and Docking Master liability coverage options to their online Marine License Insurance program. Securing Marine License Insurance no longer requires lengthy paper applications and days or weeks of waiting to binding coverage.

360 Coverage Pros announced today the addition of Pilot and Docking Master liability coverage options to their online Marine License Insurance program. Launched in November of 2019, this program has transformed the insurance landscape for professional mariners. Securing Marine License Insurance no longer requires lengthy paper applications and days or weeks of waiting to binding coverage.

Pilots and Docking Masters can now apply online and bind “A+” rated coverage in minutes with rates starting as low as $30 per month with just $70 down.

Coverage includes:

  • License Protection & Defense Costs of up to $1M
  • Foreign Jurisdiction Coverage
  • Loss of Personal Property
  • Payment for Fines & Penalties

Additional coverage options include:

  • Civil & Criminal Defense, $100K or $250K
  • Civil Legal Liability, $100K, $250K, $500K, or $1M
  • Loss of Income (monthly w/ $35 per day subsistence allowance), $2,000, $5,000, $10,000, or $15,000

If a prospective insured requires higher limits, has past complaints/suspensions or is unsure of their eligibility in the program, 360 Coverage Pros will work with them to help secure the best coverage options available.

“Every day since the launch of this program, we’re learning more from our customers, independent research and attending industry events,” said Chris Buseman, Program Manager for 360 Coverage Pros. “Creating a tailored option for pilots and docking masters was an absolute necessity given their specialty and differentiation within the profession.”

This Marine License Insurance Program is underwritten by Berkley Offshore Underwriting Managers, a member company of Berkley, whose member insurance companies are rated “A+” (Superior), Financial Size Category XV by A.M. Best Company.

360 Coverage Pros is administered by Gallagher, a global insurance brokerage, risk management and consulting services firm. Founded in 1927, Gallagher has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

To learn more about the Marine License Insurance Program from 360 Coverage Pros, please visit https://www.360coveragepros.com/marine-license-insurance

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Homeowners of America Insurance Company Announces New Chief Financial Officer


Homeowners of America Insurance Company (HOAIC), a property and casualty insurance provider, is pleased to announce that Richard B. Runyan has joined the company as its new Chief Financial Officer (CFO), effective March 16, 2020.

Runyan will lead HOAIC’s financial operations and investor relations and will report directly to Spence Tucker, President and CEO of HOAIC. “We’re delighted to have Rich join the Homeowners of America team,” said Tucker. “His extensive background in the financial sector of property and casualty insurance will help elevate the company to its next level.”

Runyan joins HOAIC from Centauri Insurance Group where he was CFO, and brings with him more than 30 years of financial management experience with half of that time spent in the insurance industry. He has an extensive background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management.

Prior to his most recent position at Centauri Insurance Group, Runyan was Vice President and Controller at Geovera Holdings, Inc. In addition to that position, he’s also held various titles such as Corporate Controller, Director of Accounting, and Division Controller at prior companies. He received his bachelor’s degree in business administration from Wichita State University and is a Certified Public Accountant as well as a Certified Management Accountant.

Runyan will be based at HOAIC’s corporate office in Irving, Texas.

About Homeowners of America Insurance Company

Homeowners of America Insurance Company (HOAIC) is based in Irving, Texas. The company provides property and casualty insurance in Texas, Arizona, Virginia, South Carolina, Georgia and North Carolina and insures over 180,000 homes. HOAIC has been assigned a Financial Stability Rating of A, Exceptional by Demotech, Inc. For more information, visit https://hoaic.com.

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PatientPay Oversubscribes $6M Funding Round


PatientPay Mobile Solution

PatientPay, the leading patient payments partner for acute, ambulatory, and specialty care, today announced it secured $6.15 million in growth financing.

PatientPay, the leading patient payments partner for acute, ambulatory, and specialty care, today announced it secured $6.15 million in growth financing. The investment will be used to significantly expand its ability to serve the needs of Revenue Cycle Management (RCM) companies as well as further enhance its omni-channel patient payments platform.

The round was led by Mosaik Partners and an existing investor, with participation from other current and new investors. This financing supports PatientPay’s industry-leading end-to-end patient engagement and payment solution that captures more payments while making the patient billing experience an integrated part of patient care.

“This new financing will enable PatientPay to bring more innovation and efficiencies in healthcare with electronic strategies for patient payments that serve to drive more payments, lower the cost of care while providing a positive patient experience during the billing process,” said Tom Furr, PatientPay’s CEO.

“PatientPay has been partnering successfully with several of the largest healthcare RCM operations in the country who use our omni-channel strategies to target mobile patient payments via text and email as the initial touch points for healthcare bills. Time and again, we’ve seen when patients understand their financial responsibilities – and feel more in control of their healthcare payment experience – it is a win-win-win equation for them, the RCM and the healthcare provider,” Furr said.

According to a recent report from KeyBank, “The U.S. healthcare industry has been notoriously slow to embrace new payment systems and processes, largely due to the complexity that arises from regulatory and privacy requirements. Only 17% of consumers receive a medical bill electronically, despite over 70% preferring electronic statements.” In stark contrast, PatientPay’s electronic medical billing has yielded the following success metrics:

  • 53% of patient statements are paid in the first 28 days.
  • 60% of electronic bills are paid online.
  • 63% of payments are made via customized payment plans.

PatientPay’s patents and software leverage existing central billing office infrastructure and systems to bill and reconcile patient payments using existing insurance claims data that ultimately simplifies the entire billing process for the patient. This unique architecture enables PatientPay to match patient bills to their insurance’s explanation of benefits (EOB) allowing patients to trust their bill. PatientPay’s flexible payment plan options help patients better manage certain bills that might be difficult to pay in full due to the continual rise of patient financial responsibility. PatientPay RCM clients use integrated analytics to provide smarter collection strategies to better understand how patients navigate and pay their bills.

PatientPay’s platform gives RCM operations visibility into their complete patient payment strategy by utilizing their current eligibility and estimation solution as well as integrating it into their early out call centers. PatientPay has as much as doubled patient payment collections compared to RCM’s prior collection capabilities.

To learn more about how PatientPay drives end-to-end patient payments and, ultimately, value for both patients and providers, visit http://www.patientpay.com.

About PatientPay

PatientPay partners with RCM companies to capture more patient payments faster at every step of the healthcare journey. As patient financial responsibility grows, acute care providers, physician groups and specialty services such as labs, therapy, radiology and anesthesiology rely on PatientPay to get paid more and faster. Ultimately PatientPay aims to extend the patient experience with enhanced overall patient satisfaction by matching bills with EOBs, flexible payment options, and custom communications. Learn more about how PatientPay drives end-to-end patient payments and, ultimately, value for both patients and providers at http://www.patientpay.com.

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Seeking Innovation from Captive Insurers


Maglaras has determined that captive insurance companies owned by health care providers may be able, in some cases, to play a significant role in property claim recovery, depending upon the amount of the loss, and the strength and availability of a captive’s surplus.

As health care facilities rise to meet the challenge of the COVID-19 pandemic, these health care facilities are suffering significant daily loss of revenue as they are mandated to reallocate resources to dealing with the outbreak…at the expense of ambulatory and elective surgery revenue.

Property policies written for health care institutions frequently contain broad limitations on business interruption coverage caused by the cascading effect of dealing with the coronavirus.

“Health care facilities are quickly realizing that business interruption claims caused by the COVID-19 crisis may be difficult to collect on, unless physical loss or damage to property can be substantiated,” said Michael Maglaras, Principal of Michael Maglaras & Company. “We’re now actively engaged with four health care systems in freeing up excess surplus in order to contribute to business interruption losses not covered by standard commercial property policies.”

Maglaras has determined that captive insurance companies owned by health care providers may be able, in some cases, to play a significant role in property claim recovery, depending upon the amount of the loss, and the strength and availability of a captive’s surplus.

“We first encourage health care providers to determine the amount of commercial property business interruption and time element coverage that may be available for decontamination costs, communicable disease cleanup, and interruption by communicable disease,” added Maglaras. “But we are very busy speaking daily with health care systems about how they can use their captives’ existing surplus to augment property insurance coverage availability.”

This process does not involve declaring dividends from a captive, but does involve the manuscripting of supplementary business interruption and time element coverage to assist in reimbursing expenses directly tied to loss of revenue.

“Even in the case of claims tied directly to business interruption by civil authority, we can create supplementary coverage sources to partially pay business interruption losses, provided that these additional balance sheet liabilities do not compromise reasonable ratios of existing equity to long-term liabilities,” added Maglaras.

Maglaras noted that he is busy moving captives owned by tax-exempt U.S. health care providers, which have had a long offshore domicile history, back to the United States.

“There’s virtually no reason for a 501(c)(3) tax-exempt health care provider to own a captive domiciled outside the United States anymore,” said Maglaras. “Perhaps this terrible COVID-19 crisis will convince U.S. health care executives that a U.S. domicile for their captives now makes more sense, not only from the standpoint of innovation and creative solutions…but also from the standpoint of optics.”

To learn more about Michael Maglaras & Company: http://www.michaelmaglaras.com.

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Tremor Opens Weekly Industry Loss Warranty Trading


The re/insurance market must remain open for business, Tremor intends to not only play its part to ensure that this happens by helping to facilitate traditional transactions, but we are continuing to modernize trading in the process.

The traditional insurance and reinsurance market is facing many challenges due to COVID-19. In light of the importance of keeping re/insurance trades flowing, Tremor is opening weekly online Industry Loss Warranty (ILW) auctions beginning April 2, 2020. The company will host a weekly auction every Thursday to ensure that the ILW market continues to operate while bringing additional efficiencies to the process. Buyers and sellers of ILW protection are welcome to participate.

Tremor will post a range of common ILWs in each auction. Interested parties can submit blind, sealed bids to buy and/or sell the posted ILWs; upon the close of bidding, Tremor will compute a market clearing price for each ILW and consequent trades.

  • US wind and earthquake perils will be available initially, followed by additional regions and perils in coming weeks.
  • Each structure will have a fixed insurance form and ISDA form contract wording from which participants may choose.
  • Participants are not known to each other in advance, and bids are blind and sealed; Tremor will reveal identities after the auction for parties who transact.
  • Participants who are unable to transact in the auction will not have their interest revealed.
  • An A.M. Best credit rating of A- or better or fully collateralized commitments are required for protection sellers.
  • The bidding window will close at the end of the day each Thursday, the auction will run and results will be reported the following day
  • Tremor will publicly report the clearing price for each ILW; when no trade clears, Tremor will report the spread to the first dollar of trade.

Tremor’s powerful, proven market clearing technology enables participants to execute complex trading strategies. Bidders commit to the quantities they want to buy or sell at each price. Bidders can also leverage complex constraints to transact the coverage that is best for them, for example, to sell only the $10M of ILW protection that offers the best margins. These tools allow bidders to trade with confidence in the face of today’s challenging market.

“The re/insurance market must remain open for business, Tremor intends to not only play its part to ensure that this happens by helping to facilitate traditional transactions, but we are continuing to modernize trading in the process. While some in the market are calling for delays and automatic contract extensions, we believe that we can help the market transact faster and more efficiently with our fully cloud-based marketplace technologies – even when facing the enormous challenges the market faces today”, said Sean Bourgeois, Founder & CEO of Tremor.

To further this effort, Tremor has partnered with PCS, a Verisk business, and will use PCS catastrophe loss estimates for the United States, Canada, Japan, and the Asia-Pacific region as well as global cyber as the reference trigger on transactions cleared. “I’ve been a believer in Tremor since its earliest days and feel strongly that their technology can help address an important need in the global ILW market, said Tom Johansmeyer, head of PCS. He added, “Increased demand for ILWs over the past twelve months could potentially increase even more as a result of the impact COVID-19 could have on market conditions. The time is right, and the team is right. Tremor’s approach to market design should help protection buyers and sellers operate efficiently. We look forward to supporting Tremor in this initiative, particularly as we add more risk areas to our portfolio, which will help Tremor broaden its support to the global re/insurance industry.”

In addition, Tremor will be partnering with brokers in innovative ways to help bring trades to its continuous ILW marketplace. The company believes that brokers will continue to play an important role providing guidance and technical expertise as needed.

While the company is sensitive to the challenges of the marketplace today, Tremor is determined to ensure critical re/insurance trading takes place. Tremor representatives and our broker partners will be reaching out to both sides of the market ahead of our first planned auction event on April 2nd.

About Tremor: Tremor is a venture-backed insurance technology firm where world class computer scientists, economists, market designers and industry practitioners are working together to build a modern risk transfer marketplace. Tremor’s “smart market” platform incorporates intelligent market design, state-of-the-art auction technology and sophisticated optimization techniques to vastly improve how risk is transferred around the world.

If you would like further information, please contact Suzan Jo at 203-244-7678 or sjo@tremor.co.

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Tampa InsurTech Firm Hiring 80 Remote Employees in Wake of COVID-19—Here’s How


In times of uncertainty and continuing layoffs all over the globe, Ensurem’s actions are vital in not only continuing the company’s operations but also providing employment when it’s needed most.

As the COVID-19 pandemic rages on while the chances of the outbreak worsening increases, around 24% of employers plan to downsize, according to a survey of business owners conducted by the wealth manager UBS earlier this month.(1) In quick response to the worldwide current and growing employment uncertainty, insurance technology and product distribution company Ensurem is implementing a “Business Disaster Plan.” This plan includes the company transitioning to a 100% remote work strategy while executing an innovative hiring process to nearly double its agent-base by the end of July.

Ensurem’s COVID-19 Business Disaster Plan:

As part of Ensurem’s business disaster plan, which officially went into effect last week, the company currently has 100+ employees now operating as a remote-based workforce. Ensurem has set up these employees with computers and has established tactics to effectively communicate while working from afar. This strategy comes at a time where the coronavirus pandemic has begun what’s considered to be “the world’s largest work-from-home experiment.” (2)

Ensurem’s business disaster plan is also preparing to recruit 80 additional agents through a partially virtual onboarding strategy (following the potential applicants’ background checks and deeming them to be an appropriate fit for the company). During the onboarding process of call-center insurance agents, these new recruits will undergo a two-week training class at the company’s contact center—with a limit to 10 trainees at a time, seated 8-10 feet apart from one another in order to maintain safety. With a very large training center, supers and trainers who are present will still be able to train efficiently while practicing social distancing. Following their completion of this training, new employees will then begin their work—over the phone and 100% remote-based. This process will continue every two weeks until Ensurem’s desired target of 150 agents is met by the end of this July.

This novel company process aims to adhere to the social-distancing guidelines from health officials as well as the safety of current and oncoming employees. In times of uncertainty and continuing layoffs all over the globe, Ensurem’s actions are vital in not only continuing the company’s operations but also providing employment when it’s needed most.

With employee retention of paramount importance for Ensurem, as mentioned by Dave Rich, CEO of online multi-carrier insurance broker Ensurem, it is now more vital than ever to promote retainability and safety—especially when it comes to the onboarding of new employees. “We’re a company whose ‘why’ is to help its customers navigate the complexities of the senior insurance marketplace,” says Rich. “We can’t accomplish that without a great team in place, acting as a team. We don’t just say that, we mean it; we have the utmost respect for every one of our team members, and we’re committed to giving them everything they need to succeed.”

The benefit of Ensurem as a technological company is that it can instantly transform from traditional to remote while continuing to foster a virtually efficient workforce as the company continues to bring on new employees. With Ensurem’s technology, the company can see what is happening on its agents’ screens as well as listen in on calls in order to coach and train others in real time, online.

Moving forward, Ensurem’s COVID-19 business disaster plan will continue to hire through a mix of virtual recruiting rooms, webinars, and video conferencing tools, such as Skype. In continuing operations, the company is strictly focused on meeting HIPAA and PII protocols for the safety and protection of all its employees and customers.

About Ensurem:

Ensurem, headquartered in Clearwater, FL, is a leading technology and product distribution company serving carriers and consumers within the massive U.S. senior market. The company provides end-to-end solutions for carriers, including product development, digital marketing, and consumer-centric front and back ends. For more information, visit http://www.Ensurem.com.

1.    Bomey, Nathan. “COVID-19 Job Cuts: Layoffs Accelerate as Coronavirus Disrupts American Economy.” USA Today, Gannett Satellite Information Network, 18 Mar. 2020, usatoday.com/story/money/2020/03/17/covid-19-job-cuts-layoffs-coronavirus-economy/5068695002/.

2.    Shelly Banjo, Livia Yap. “Coronavirus Outbreak Is World’s Largest Work-From-Home Experiment.” Time, Time, 3 Feb. 2020, time.com/5776660/coronavirus-work-from-home/?utm_source=link_wwwv9&utm_campaign=item_288956&utm_medium=copy.

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Best Ways To Get Cheaper Car Insurance For Teen Drivers


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“Teens, which are usually considered high-risk drivers, can get affordable premiums. Check our website for more info about auto insurance” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Cheapquotesautoinsurance.com has released a new article that explains how teens can get cheap car insurance.

For more info and free car insurance quotes online, visit https://cheapquotesautoinsurance.com/how-to-make-teen-car-insurance-cheaper/

Teen car insurance premiums tend to be very expensive. Lack of experience and certain risky behaviors associated with teenage results in teens being considered high-risk. However, there are few ways to reduce the premiums:


  •     Get better grades. Teens with good grades will benefit from a car insurance discount. They are seen as more responsible for insurance companies. Furthermore, it is assumed that a teen with good grades spends more time studying instead of going out and partying. Thus, he is less exposed to accidents. Online questionnaires ask if the teen has at least a 3.0 GPA (B average). Proof of good grades will be required. The company may also ask to prove that the student is on the Dean’s Honor List. Bring report cards and signed documents. A good-grades student discount may save up to 15% of the insurance costs.
  •     Graduate approved defensive driving courses. Graduating an approved defensive driving program ensures another discount. Besides that, the driver can offset some license points, thus keeping premiums low. When getting online quotes, most questionnaires ask about completed courses or if the client is willing to participate.
  •     Choose a safe car to drive. When buying a new car, it is important to check its safety ratings. Although it may be tempting to get a speedy, sports car, this will make the premiums extremely expensive. Since a powerful engine and an inexperienced driver does not make a good combo, many insurers will even refuse to provide coverage.
  •     Look for customized contracts. Insurance companies can issue special contracts and cheaper premiums to teens. But the teen has to agree to always wear a seatbelt, do not consume alcohol or drugs and drive, limit the maximum mileage and other conditions. Teens that consider themselves good drivers should apply for UBI coverage.

Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://cheapquotesautoinsurance.com

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APHW’s Planning, Tech Allow ‘Business As Usual’ During COVID-19 Lockdown


This would not have been possible without the foresight of leadership to develop cloud-based systems that our employees could access from anywhere.

America’s Preferred Home Warranty (APHW) continued providing award-winning customer service without a hitch—and with virtually no hold times—Tuesday, after Michigan’s Governor Whitmer, in an effort to protect all Michiganders, signed Executive Order 2020-21 directing residents to remain at home or in their place of residence to the maximum extent feasible. But then, most of APHW’s staff were already working from home at that point: The company had leveraged technology along with years of planning for an event just such as COVID-19.

“This would not have been possible without the foresight of leadership to develop cloud-based systems that our employees could access from anywhere,” said APHW Vice President of Operations Mike Sadler. “We had an emergency preparedness plan to keep operations up and running despite anything thrown at us. This is that very plan in action, and it’s going even better than we could have hoped.”

APHW’s investments in technology and systems, along with detailed documented process planning, have resulted in a full-time, uninterrupted operation with the same exceptional customer service that homeowners and real estate agents have come to know. “We’ve been able to transition our staff to working from home quickly and seamlessly,” said APHW CEO Rodney Martin. “Our entire operation is 100% U.S. based, we answer all of our calls right here in Michigan, and we’ve continued answering with virtually no hold times at all.”

APHW has also taken a variety of other technological steps recently, including developing a way for customers to Start a Claim Online (https://aphw.com/claim-start/), and achieving a spot in the HousingWire.com TECH-100 (a list of companies innovating technology for real estate), recognizing APHW’s Real-Pro® app, which enables real estate agents nationwide to order and track APHW home warranties in under a minute. (https://bit.ly/3dwPKKq)

While many American companies face difficult economic times with the coronavirus (along with the rest of the world), APHW continues to break barriers.

For more information, visit APHW.COM or call 888.351.3681 to buy a home warranty today!

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Orcutt Water Damage Company Reports ‘Questions To Ask Your Insurance Company’


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The time to learn what your insurance company covers is before something happens.

“Better late that never” is not a good philosophy when addressing water damage in your home or business. The old saying, “A stitch in time saves nine” is much more appropriate and finding out exactly what kinds of water damage your insurance covers is one stitch closer to being prepared.

Mark Powers, franchise owner of SERVPRO of Orcutt said, “Water damage can be very expensive to repair, especially if it goes undetected or if there is a catastrophic event.” A leader in repairing water damage, mold and fire damage, SERVPRO works with hundreds of insurance companies to help property owners get their claims processed fairly and quickly. “But, we can only help process claims that your insurance covers,” said Powers.

The time to learn what your insurance company covers and doesn’t cover is before you buy the policy. Insurance does not prevent leaking or broken pipes or the toilet or bathtub overflowing, but you can certainly have peace of mind knowing what kinds of water damage incidents your insurance will cover.

Questions to ask your insurance agent include, “Am I covered for water damage caused by:”


  • Storms, including heavy snow if your property is in snow country
  • Water damage that is the result of putting out a fire
  • Toilet, bathtub, washing machine or other appliance overflowing
  • A leaking roof
  • Water damage to walls, floors and cabinets
  • Burst, leaking or faulty plumbing
  • Mold damage that is the result of water damage
  • Vandalism
  • Any other type of water damage

As mentioned, insurance is not going to prevent accidents, but knowing you are covered when something does happen certainly helps reduce some of the stress.

Individual insurance companies may cover more or fewer circumstances and the scenarios may vary. For example, if the roof leaks the insurance may only cover the replacement and repair of possessions inside the house, but not replacement costs for the roof. This is just one example of why it is important to know what your insurance covers.

Typically, insurance does not cover water damage that is caused by neglect. This is why it is important to inspect for leaks and repair any potential problem as soon as possible.

Flood insurance that helps restore your property and possessions after a flood is typically a separate policy. If you live on a flood plain or in an area otherwise subject to flooding, your insurance agent can help you get flood insurance.

Locally owned SERVPRO of Orcutt is ready 24/7 to help. The expert team of highly trained Orcutt water damage technicians are trusted leaders in the water restoration industry, using the most advanced inspection techniques and extraction and drying equipment.

SERVPRO of Orcutt

1279 W. Stowell Road, Suite C

Santa Maria, CA 93458

(805) 922-t5457

This press release is by Santa Maria SEO and online marketing company Access Publishing, 806 9th Street, #2D, Paso Robles, CA 93446, (805) 226-9890.

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