Warning! Heavy rains are on the radar, especially this time of year! Anywhere it rains – it can flood. Are your insureds ready and protected with this important coverage? Do you offer flood to every insured? Why do we ask? Consider these statistics:
- There were 1,588 closed flood claims in Massachusetts from 2011 to 2016, with a total payment of more than $33 million. (Source: FEMA)
- The average flood claim costs $69,000; and 1 in 4 claims comes from outside high-risk flood areas. (Source: National Flood Services)
- One of the top alleged E&O claims is failure to obtain/offer the proper coverage.
Let your MAIA Membership connect you with multiple WYO and private flood carriers that give you the option to work with them directly. Or, save the hassle and let Number One’s FLOOD CONCIERGE team do it for you!
We are here for you! MAIA and the Number One Insurance Agency are working remotely and open for business during our regular hours of 8:30 am – 4:30 pm. Please view this Staff Directory for all of our emails and direct dial numbers. For the latest information regarding our industry and COVID-19, please visit our MAIA COVID-19 Resource Page