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How to Blend Working from Home and Working in the Office  

More and more companies have switched to a “blended” office model. This means that employees can work in the office or work from home. Global Workplace Analytics estimates that 56% of workers have jobs that can work remotely. Many of us are already familiar with video calls from our social-distancing days, so a blended office post-pandemic isn’t a drastic change for many workers.   

A blended office environment may allow employees to work from home a couple of days of the week. After the pandemic, many employees have grown comfortable with remote work. Working from home can be more relaxing than coming into the office for many workers. It’s up to the company and office leaders to decide what works best for their office and to set an example.   

Remote Concerns  

Many companies are concerned about whether or not employees will be productive at home. It might help to change the focus from time spent in the office to how efficiently employees can accomplish their tasks. Home-life distractions may be a predicament for some employees, but they also don’t have to work from home, and they can also work flexible hours rather than the standard 9-5.   

Some companies have been “hybrid” since long before the pandemic. A hybrid company has offices in different locations. Rather than traveling to and from offices, businesses can opt to use video conferencing tools to communicate. This holds the same for blended work environments. Communication doesn’t have to fall to the wayside because an employee isn’t in the office. Encourage workers to use the phone or video call benefits to collaborate on projects.   

Mental Health of Employees  

Blended working can help the mental health of your employees. It can keep them happier and healthier knowing they can work from home a few days of the week. It can reduce the stress of coming in to work—we all have those days when we don’t want to be around others. Work from home days can also be beneficial when employees have medical appointments. It can make scheduling easier for them, and they don’t have to worry about the time lost when they can make it up later.   

Working from home a few days a week can save employees money on gas, which makes them feel more financially secure, and it can save the company money on water and electricity bills. The time they save on the commute can go towards bettering themselves via exercise or mediation. This will help improve their mental health, which can make them more productive at work.   

Blended Work Balance  

You may need to find your office’s perfect balance for blended working. Some companies allow employees to work from home two or more times per week. It might be a concern for employers that remote work will negatively impact their company’s culture. For new employees, you may want to consider establishing a baseline for days that they must be in the office. This way, new employees get to know their coworkers and acclimate to the company culture.   

Your company may want to establish days that all staff should appear in the office for a team meeting to help with team-building. Consider having an office calendar where people write down the days of the week, they plan on working from home. You can also use the calendar to schedule team meetings or days when you’d prefer people to work in the office.  

Use Technology to Your Advantage  

Many offices opt for laptops for employees to allow their staff more freedom where they work. Many offices have different workspaces or rooms for employees to work. Laptops let employees work from home more easily and allow more flexibility. Finding the right technology and programs for your team can help with communication and scheduling. Using a communication/messaging app or software can help with tasks and scheduling.   

You may need to update your business insurance policy if your business changes to a blended work policy. If you have any questions, talk to a local insurance agent today and get a quote for a new business insurance policy!   

 

 

Exercise Activities for Summer Wellness 

There’s an innumerable number of activities you can do during the summer. Exercise is good for your health and exercising outdoors during the summer is even better! You should be getting about 150 minutes of exercise each week. Take some time to focus on your health and wellness with these outdoor-focused activities:  

Go for a Long Walk or Hike 

Whether you take a few laps around the neighborhood or take a trip down to the local park, walking is a simple exercise that will help clear your head. Just a 30-minute walk a few times a week can help improve your overall health and mental wellbeing. Consider taking a significant other or a friend with you to help keep you company. If you have a furry friend, make sure to take them with you so they can get some exercise and enjoy the great outdoors, too! 

If you have children, consider taking them to the zoo or an aquarium. You’ll get plenty of walking in and they’ll love seeing all the animals and fish. It’s a great weekend activity to get everyone in the family out of the house. 

Hit Up the Local Pool 

Swimming is a fantastic exercise that works the muscles and is easy on the body. Going to the local pool is fun for the whole family! If you have young children, make sure to bring some water toys! They might even make some friends with other children in the area. Or, you can invite their friends to come along. Either way, your kids will have a blast and you can get some exercise in.  

Get Green with Gardening  

Gardening will get you outside multiple times a week. It’s a great way to clear your head and become one with nature. You can start your own garden or join a community garden. If you don’t have a community garden you can always start one! Community gardens are a good way to meet new people with common interests. You can also do it with your family. You can teach your kids a thing or two about plants and how they grow in the process!  

Gardening is a fun activity you can do in your downtime, but it also gives you fresh food! Nothing is more satisfying than eating fruits and vegetables from your own garden. If you grew too much, your neighbors are sure to appreciate your bountiful harvest, as well.  

Go Geocaching with Friends  

Geocaching is like a little treasure hunt you can do with your phone’s GPS! Pretty much everyone has participated in a scavenger hunt at some point in their life. Geocaching is basically a big scavenger hunt. You can download an app on your phone and you can pick a geocache you want to do. There are so many geocaches you can do with friends or family! Geocaching can even introduce you to some new spots in your community that you weren’t aware of. Take on the town and find some little treasures!   

Play a Game of Golf or Tennis  

If you love golf or tennis, then why not go to the local golf course or tennis courts for a game or two? It’s a good way to get out of the house and have some fun with a group of friends. If you have kids, you can teach them the game! Maybe someday your kids might even grow up to be famous tennis or golf stars—you never know.  

While exercise is a great way to stay healthy and fit, you should still go to the doctor at least twice a year for physicals and check-ups. Make sure your family has a good health insurance plan! Talk to one of your local agents today for a health insurance quote.  

Going Off Road: Protecting Your Off-Road Vehicle  

Summer is the time for taking your off-roading vehicle for a spin. Make sure your off-road vehicle is properly insured beforehand! Off-road vehicles usually are not covered under your homeowner’s or auto insurance policy. Even if you are off-roading on your property, you may still need an off-road policy depending on the laws in your state.   

Some vehicles that are considered off-road are snowmobiles, golf carts, ATVs, or dirt bikes. Many of the coverages that you may find in your auto insurance policy are similar to off-road vehicle insurance. These are the types of coverage you may need for your off-road vehicle:   

Collision Coverage may help with repair costs if you damage your vehicle from hitting a tree, fence, or another vehicle. This is standard for most vehicle policies.   

Bodily Injury Liability policies may help cover the cost of a person’s medical bill if you’re found liable for their injuries after hitting them with your off-road vehicle.   

Property damage liability can help cover the cost of repairs if you damage someone else’s property with your off-road vehicle. This includes their vehicle or other personal property like fences.   

Comprehensive coverage is a policy that may help cover the cost of repairs or replacement for your off-roading vehicle if it has been damaged from something other than a collision (like hail damage or a fallen tree) or if it is stolen.   

Like many insurance policies, you may need to pay a deductible before your insurance will help cover the cost of repair. There are often coverage limits, which means that the insurance may only pay up to a max amount.   

Depending on your location you may be required to have proof of liability insurance. Even if it isn’t required in your state, you should still carry it because you never know what may happen. If you were to injure someone or cause damage to someone’s property while on your off-road vehicle, you may have to pay out of pocket for the medical bills or repairs.   

Off-Road Vehicles on Roads   

In most states, it’s illegal to operate an off-road vehicle on a public road. Most insurance won’t even help cover the cost of repairs to your off-road vehicle if damage happens while operating on a public road. If you are transporting your off-road vehicle in a trailer then it may be covered.   

You should always research your state and local laws and be well aware of what your insurance covers. Most state parks don’t allow off-road vehicles unless otherwise stated. If you happen to get in an accident and aren’t following the laws, then you will likely have to pay out of pocket for repairs.   

Many insurance agencies offer substantial discounts if you already carry an auto/home insurance policy with them. Consider packaging your insurance plans together to get the most out of your money. Reach out to one of your local insurance agents today to get an off-road vehicle insurance quote!   

How Does Valuable Items Coverage Work? 

Have you ever gone on vacation and worried that your stuff won’t be there when you get home? Your homeowner’s/renter’s insurance may provide coverage for damaged or stolen personal items, but sometimes it’s not enough. This coverage is typically limited to a certain amount of money for standard plans. If you have valuable items and you want to ensure they’re properly covered and that you’ll receive a decent amount of money for your claims, then you should consider a valuable items policy.  

What is Valuable Items Insurance? 

“Valuable” item refers to expensive, rare, or collectible items that are worth a significant amount of money. Most people think of valuables as fine jewelry and your silverware/fine China, but it also includes artwork, coin/stamp collections, musical instruments, medical devices, cameras, and various electronics.  

Double-Check Your Policy 

If you’re unsure of what your personal items policy covers, you should go over it again and double-check to make sure you have enough coverage. Does your personal items coverage include all perils or named perils? Peril is something that would cause damage (like a fire or a tornado).  

All Perils means the insurance company has to prove if your item is not covered. This option is more expensive because it covers everything except perils that are specifically excluded (think flood or earthquake).  

Named Perils means the insurance company can only cover it if it’s damaged as a result of a peril listed on the insurance policy. This typically covers your basics like vandalism and theft, storms, and more depending on what your insurer covers.  

Have Valuables Appraised 

Did you inherit something from grandma and have no idea what it’s worth? Get an appraisal done by a professional! They can tell you how much your valuables are worth. Some items appreciate (or depreciate) over time, so have your valuables appraised every few years so you’re aware of their current value. Insurance agencies typically have a cap on the amount they’ll cover, so you may need to take out extra coverage if your policy’s limits aren’t enough.  

Create A Home Inventory 

Don’t be at a loss any more than you need to be after peril occurs. Create a home inventory so you have a list of exactly what is in your house and what your items are worth. This helps both you and your insurer with claims. Catalog everything and include pictures and descriptions of each item. It’s even better if you include receipts with the date of purchase with the original value if possible. If you had your valuables appraised, be sure to include those appraisals as well.  

Actual Cash Value versus Replacement Cost Coverage 

Most personal item coverages have actual cash coverage, meaning that your insurance will cover the amount an item is worth. Many items like furniture and appliances lose their value as time goes on. If you upgrade to a replacement cost coverage plan then the insurance will have to cover the original cost of the item. This plan is pricier, but it can be worth it in the long run if you live in an area prone to peril. Also, if you have this plan make sure you keep the receipts for the items you buy!  

If you’re concerned about the insurance for your valuables, don’t wait until it’s too late. Talk to your local insurance agent to discuss a quote for a valuable items policy today!  

You put passion behind your products — protect them

You’ve spent a lot of time and money on your products so that they will satisfy consumers. Don’t let that all go south when one defective product or a misinterpreted label goes wrong. If someone claims your product causes injury to their person or damages their property, then you could be held responsible for the bill.  

What is Product Liability Insurance?  

Product liability insurance is an insurance policy that helps cover the cost of legal expenses in the event someone claims your product injured them or damages their property. Most businesses that sell, manufacture, or distribute products should have this insurance coverage under their belt. This policy covers defective products or products that aren’t labeled with enough warnings (for example peanut butter contains nuts). Even if it seems obvious if there isn’t a warning label your business could potentially lose the lawsuit.  

Whether it’s a design defect or a manufacturer defect, a product liability claim is considered a strict liability. This means that the seller, manufacturer, and distributor are at fault for the person’s injury or property damage.  

Product liability also covers contractors or construction workers for completed work and installation professionals who install a product in someone’s home. If they install something in the home that leads to the damage of something else (like a new refrigerator leak that causes water damage to the floor), then they will be covered under product liability insurance if they hold a policy. Depending on the claim, business owners could easily lose thousands of dollars or more if they didn’t have a product liability policy. 

If you sell a product that doesn’t do as it promises (like a microwave that promises to turn potatoes into gold nuggets—it’s impossible) then it will not be covered under product liability insurance.  

Why Your Business Needs Product Liability Coverage 

You never know when a product could be defective, so it’s better to be safe than sorry and purchase a product liability plan. Some insurers bundle it along with general liability or a business owner’s policy (BOP), but you should always double-check and make sure that you have this coverage before selling or installing any products. Most BOPs provide property, general liability, and business income coverages in one plan.  

General liability policies cover your business from claims of bodily injury, property damage, or personal injury (like slander). This doesn’t cover the products or services that your business sells or provides. It typically covers scenarios like someone slipping on a wet floor or a ceiling tile falling on them. If someone bought something from your store and it caused them harm outside of the store, then you would need product liability coverage to ensure you’re covered from any claims they may make.  

While product liability insurance isn’t required for businesses to operate, not having it could lead to a major monetary loss that shuts down the business. Reach out to your local insurance agent to ask about a product liability insurance quote for your business today!  

How to Incorporate Workplace Wellness 

The idea of wellness has been steadily growing since the 1960s, but in recent years it has really boomed. Wellness focuses on health in all areas of an individual. Workplace wellness focuses on encouraging healthy behavior so employees are healthier and happier at work. Every company is different and offers different methods of workplace wellness, but if you’re new to the idea of wellness here are some things to consider:  

Physical Wellness  

Encouraging workers to stay physically fit can boost their energy and overall happiness levels. Having an in-office gym or offering gym memberships can help employees with their physical endeavors. Healthy eating habits are another aspect of physical wellness, so giving them ample time to eat and offering water and snacks in the office will promote a healthier lifestyle. Getting a good amount of sleep is important to productivity, so it encourages employees to be well-rested.  

Offering a good health insurance plan will keep employees healthier in the long run. Promote regular physicals or have days in the office where you host free check-ups for employees. You can also hold events in the office where you offer company-wide flu vaccines during flu season. 

Mental & Emotional Wellness  

Mental health and emotional wellness are the most important aspects of wellness. Mental health disorders have been on the rise since the pandemic and are more prevalent than ever. You don’t want your employees to be stressed and feel overworked—the work-life balance is key. Make sure your business offers holidays off and enough sick leave and vacation days for employees.  

Offering free telehealth programs to your employees can help them with their mental health. They can use telehealth visits for therapy and won’t have to worry about the cost while getting the help they need. You can also offer courses on mindfulness, a method of stress reduction by improving the human ability to be present and have situational awareness. Mindfulness allows us to deal with our situations without becoming overwhelmed. Consider allowing time in the day for meditation or personal time to de-stress during the workday.  

Social Wellness  

Having a socially healthy company culture is an integral part of workplace wellness. That means zero tolerance for sexual harassment, bullying, or discrimination of any kind. Consider having training courses on these subjects so employees are cognizant of what constitutes poor workplace behavior. Promote social morale and cohesion in the workplace.  

Not everyone needs to be friends, but there should be a certain level of respect amongst coworkers. Make sure employees are familiar with who they are working with, even if they are in other departments!  

Personal Growth  

When employees know that there’s room to grow in a company, they are more likely to stay than pursue other jobs. Consider offering free classes for employees so that they can learn more skills and better themselves. This gives a sense of accomplishment and gives employees confidence when they finish a course.  

You can also incentivize it and make it a part of quarterly goals to complete a certain number of courses. The confidence from learning new skills may encourage them to try those new skills at work, and they may volunteer for work that they may not have before.  

Financial Security  

Financial security is at the top of everyone’s mind when they’re working—they’re not working for fun. A healthy balance between income and expenses means financial wellness for employees. Workers need to feel financially secure. When employees are stressed about their finances, their quality of work lessens and they become more stressed. It’s a never-ending cycle. Employees that are financially stable tend to be more productive and sociable with their coworkers.  

A few solutions to lessen financial stress are offering a 401(k) plan and reasonable health insurance premiums. Having good healthcare is a concern for many, so knowing that you have a reasonably priced health insurance plan can ease a lot of stress. Raising salaries to coincide with the rising cost of living and offering bonuses can also incentivize workers to be productive and stay for the long run.  

Keep your workers happy and healthy by keeping workplace wellness in mind. Consider reaching out to your local insurance agent to discuss the best health insurance plan for your employees’ needs. 

Protecting Your Farm and Ranch

Your farm and ranch aren’t just your business, they’re also your livelihood. That’s why you should make sure they’re protected with the proper coverage. Farm and ranch insurance offers a dual coverage plan that protects both your home and your way of life. Each plan is customizable depending on your needs.  

Types of Coverages  

There are many different types of coverages that can be included in your customized plan—it mixes homeowners insurance and business insurance, after all. Here are some coverages you should consider: 

Dwelling Coverage protects your home and personal belongings against fire, lightning, storms, vandalism, and theft. This is like your typical homeowner’s policy. Depending on your area, you will need separate policies for floods, earthquakes, or tornados.  

Farm Personal Property Coverage covers your livestock, machinery, feed, and equipment so you don’t have to worry about incurring a loss if something happens to the goods that keep your farm running. Farm machinery is especially expensive, so make sure to have it properly covered!  

Rental Value Coverage helps cover the cost of renting a place to live if your farmhouse becomes inhabitable. It covers the cost of rent until you are able to move back in. If you rent out any space to tenants on your farm and their space becomes inhabitable and it incurs a loss of income, you’ll also have coverage under the policy.  

Additional Living Coverage covers your living expenses in the event you need to live elsewhere while your home is inhabitable. This includes the cost of hotel, rent, or food until your home is habitable again.  

Outbuilding Coverage covers any barns, sheds, stables, detached garages, and any other buildings on your property. These structures help your farm operate to the best of its ability, so it’s important to keep them insured so your business doesn’t incur a loss.  

Liability Coverage covers bodily injury, medical expenses, and farm property damage. If you have workers on your farm, this policy is a necessity. Machinery can cost an arm and a leg, literally. Don’t get sued and suffer a drastic financial loss.  

You may need to consider more coverage depending on the season. Peak Season coverage can add extra coverage during peak times of the year like harvesting and planting season.  

If the farm is your primary source of income, then you should consider Farm Income Coverage. This covers the financial loss incurred in case the farm is damaged due to an event like a storm that would be covered by your insurance. 

The amount of coverage you need for your farm or ranch is completely dependent on your individual needs. That’s why farm and ranch insurance is customizable because not every farm is the same. Talk with your local insurance agent about a quote for a farm and ranch insurance policy today!  

What Your Business Needs for Emergencies 

You never know when an emergency will happen, and that’s why it’s best to always be prepared. Depending on your location, your business may need to prepare for natural disasters like hurricanes, earthquakes, tornados, severe winter weather, or forest fires.  

Make Sure You’re Prepared

Each business will have different needs during an emergency. It’s best to focus on disasters that affect your business directly. If you’re in an area prone to certain natural disasters, you should have a plan in place on how to deal with the situation should it arise.  

Every business should have a first aid kit, but it’s important to make sure that it’s well-stocked. If you’ve had the same first aid kit for years, then it may be time to replenish the items inside. Certain things like medicine or ointments can expire, so check the dates on them and replace them as needed.  

You may have a first aid kit, but do you have a generalized emergency kit? You might need to prepare your business with enough emergency water and food for your employees to last a few days. Your emergency kit should also include flashlights, batteries, a radio, and a tool kit. Make sure it is in an easily accessible area.  

Make sure you have safety procedures and evacuation plans for your building. Each emergency is different, so you may need different plans for each one. It’s important to go over these plans and procedures with your staff.  

Put people into groups with designated leaders to keep each other accounted for. Perform regular drills to stay prepared and make sure everyone knows their role and responsibilities. Make sure you are considering the needs of all individuals. Do you have disabled staff or people with medical conditions? Have established procedures for helping each other. The group system can help ensure no one is left behind.  

Keep Backups

If your business deals with information and clients, it’s important to have backup files for all of your data. Many businesses now use cloud-based information systems that store information online. However, you can also use an external hard drive or keep backup files off-site.  

Sometimes power outages occur as a result of natural disasters and storms. Does your business have an emergency power system? Do you use surge protectors to ensure electronics don’t get fried? If your business doesn’t have a generator or an uninterrupted power supply (UPS), then it may be time to consider one. You will likely only need to keep the power on long enough to back-up systems and information, prevent damage to electronics, ensure they’re shut off properly, as well as evacuate your staff.   

Have a Recovery Plan

A lot of businesses aren’t able to open back up after a natural disaster because of severe economic loss. Make sure your business is properly insured with the right commercial insurance coverage. There are coverages for a business interruption which covers the economic loss due to the business not operating and coverages for the building & property, general/employee liability if someone gets injured on your property, as well as other coverages that may be suitable like equipment breakdown insurance. Depending on the area, you may need to purchase separate insurance policies that might not be included in commercial insurance like flood and earthquake insurance.  

Each business has different needs regarding its insurance policy. Talk to your local insurance agent to discuss the best commercial insurance plan for your business.  

Conquer Your Stress

Life is often stressful. Between work, family, and keeping up with other tasks, life can become overwhelming. Here are some tips on how to conquer your stress!  

Consume a Healthy & Balanced Diet

Consuming a healthy & balanced diet takes a big role in how you feel. If you consume too much “junk” or overprocessed foods, then you are more likely to feel groggy and not have enough energy to finish your tasks. This could cause you to feel more stressed than usual. Sometimes when we’re stressed, we want to eat comfort foods. This is ok in moderation, but overconsuming comfort food is not good for your overall well-being. Preparing a healthy meal for yourself can also be relaxing! Taking the time and effort to prepare a healthy and delicious meal can make you feel even more satisfied.  

If you’re tired, drinking too much caffeine can also make you stressed. It raises your heart rate and can make you feel more anxious than normal. Drinking too much caffeine can also make it more difficult to sleep at night, and a good night’s rest is an important part of being less stressed!  

If you’re stressed, you may be more likely to turn to alcohol or tobacco to try to reduce stress. However, this can cause more stress to the body and leave you not feeling your best. Consuming too much alcohol on a regular basis can also negatively impact your sleep schedule. Tobacco usage puts more stress on the body and reduces blood flow and breathing abilities. Becoming dependent on alcohol or tobacco can cause even more stress if you can’t get your fix.  

Practice Mindfulness  

Practicing mindfulness can positively impact your overall mental health. Mindfulness is being aware of what you’re doing and how you’re feeling. A good way to practice mindfulness is by keeping a journal where you collect your thoughts. Looking back on what you were doing and how you were feeling at the time is an important step in stress reduction. Knowing what triggers stress can help you figure out how to fix it.  

Take some time out of your day for yourself. This time can be spent journaling, or you can also meditate or do some form of exercise you find relaxing. Even simple movements like taking a walk or doing some yoga can be very relaxing. You can always find guided meditations or yoga videos online to help you.  

Practicing mindfulness also includes self-care. Taking a bath with Epsom salts or doing a face mask may seem trivial, but taking extra care of yourself and treating yourself can brighten your mood. Making sure you take care of yourself can help you to feel less stressed in the long run! 

Having someone to talk to about your stress or other problems can also help significantly reduce stress. It’s not good to bottle up these emotions, so journaling and having someone you can talk to, whether it’s a close friend, family member, or even a therapist, are a huge help.  

Set Realistic Expectations 

Many people are stressed because they simply have too much on their plate. Set realistic expectations for yourself and know that you can’t do everything. Part of relieving stress is accepting what you can’t control. If you know you have particular stressors, like the news or a certain family member, try to avoid them as much as possible! It can be difficult, but limiting the amount of time you find stressful can be a huge help.  

Don’t procrastinate. Even if you don’t want to do something now, it’s best not to put it off. Leaving tasks until the last minute can put unnecessary stress on you that you wouldn’t have to deal with had you not procrastinated. 

Realize that it’s okay to say “no.” Sometimes you just need to put yourself first. Creating boundaries can help reduce the amount of stress. No matter how hard you try, you will not be able to please everyone. Accepting this as a part of life can make life less stressful.  

Leading a stressful lifestyle can put a significant amount of stress on the heart and other organs. Make sure you talk to your local insurance agent about your life and health insurance plans to ensure you’re under the most suitable plan for your needs.  

The Importance of Flood Insurance

Homeowners’ insurance and renters’ insurance do not cover any damage that is caused by a flood. Everyone should have flood insurance. It’s especially necessary if you live in a designated flood zone or an area that is prone to flooding. It’s always best to make sure you are properly covered with a flood insurance policy.  

What is Flood Insurance? 

Flood insurance is a separate entity from homeowners’ or renters’ insurance. It covers damage to your property and personal belongings. Floods can be brutal and cause extensive water damage. You don’t have to live in a designated flood area to be susceptible to floods. Floods result from melting snow, heavy rainfall, and overflowing creeks/ponds. You can be more susceptible to flooding if you live at the base of a hill or in an area with lower terrain.  

Because no one knows when a flood will happen, you need a special policy for flood insurance. It is typically offered by the federal government and some private insurers. You don’t want to wait until it’s too late to get flood insurance—it has a 30-day wait period before the coverage even takes effect.  

What Does Flood Insurance Cover? 

Most flood insurance comes from the Federal Emergency Management Agency (FEMA) as part of their National Flood Insurance Program (NFIP). The NFIP is underwritten by the federal government but is provided by private insurance agencies. This plan covers up to $250,000 in structural damage and up to $100,000 for personal belongings.  

NFIP covers however much (up to $250k) money it costs to rebuild your home to its state before damage. Your personal belongings coverage will cover their actual cash value, which is how much they are “worth.” This means you may not get as much as you paid for them if their value has deteriorated. You can also get less money back on furnishings or other items stored in your basement (because the water will accumulate at the lowest point of your home and cause more damage there).  

Private Market Flood Insurance 

Sometimes the standard flood insurance may not be enough to cover your home or your belongings. You may also need to take out a private market flood insurance plan if you don’t live in an area the NFIP covers. Many of these private insurances are “first-dollar” coverage, meaning they are similar to the coverage provided by the NFIP but it offers higher levels of coverage. This can also be considered excess flood insurance for those who need more coverage.  

Water damage can be severe and long-lasting. Depending on where you live, you may or may not be required to have flood insurance. However, it is always a good idea to carry flood insurance protection just in case. Talk to your local insurance agent to discuss the best options for your flood insurance plan.