** LTB INSURANCE is sorry to announce The StarMinder program is no longer available. We apologize for any inconvenience this may have caused.
What is a flood?
Flooding is defined as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties from the following:
• Overflow of inland or tidal waters
• Unusual and rapid accumulation or runoff of surface waters from any source
• Collapse or subsidence of land along the shore of a lake or other body of water, as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood
What does a Flood Policy cover?
Residential Building Coverage
Building coverage insures a house or dwelling, attached and detached garages, as well as certain permanently installed fixtures such as built-in dishwashers, permanent shelving and cabinetry, furnaces and radiators, hot-water heaters, plumbing fixtures, stoves, ovens and refrigerators.
Coverage Contents coverage insures most of your personal property and belongings, including:
• Furniture, housewares, bedding
• Decorative items, lamps and lighting fixtures
• Books, home electronics
• Area rugs and draperies
• Clothes washers and dryers
• Air conditioners
• Food freezers and the food in them
• Portable microwave ovens
Coverage in Basements
Flood insurance covers structural elements, essential equipment and other basic items normally located in a basement, such as:
• Unfinished drywall for walls and ceilings, including nonflammable insulation
• Electrical junction and circuit breaker boxes, and required utility connections
• Central air-conditioning units
• Furnaces, hot-water heaters, fuel tanks and the fuel inside them, and heat pumps
• Light fixtures
• Foundation elements
However, flood insurance does not cover basement improvements such as finished walls, floors or ceilings or personal belongings that may be left in a basement such as furniture and other contents.
Everyone lives in a flood zone - floods are caused by storms, melting snow, hurricanes, and water backup due to inadequate or overloaded drainage systems, dam or levee failure, etc.
• Flooding can happen anywhere - about 25% of flood insurance claims come from low to moderate-risk areas
• Flood damage is not covered by homeowners policies
• Flood insurance is affordable
• Flood insurance is available to homeowners, renters, and business owners
• There is a 30-day waiting period unless you are purchasing at the same time you are writing a mortgage
• Federal disaster assistance is not insurance coverage - it is a loan that must be paid back
• There is also an inexpensive preferred rate policy available if your flood zone qualifies
The best compliment our clients can give us is a referral.
LTB Insurance is happy to review your policy and answer any questions. Please call us at 781-365-1800 or toll free 1-800-LTB-INS1.