Knowledge is Power

5/2/2017 (Permalink)

Flooding conditions on Nantucket after a storm hits the area.

SERVPRO is a family own and operated company specializing in the cleanup and restoration of residential and commercial property damage of fire or water. We also provide mold inspections and remediation. We work directly your insurance to make an easier and seamless process for the property owner. With our repair/rebuilding services available to you, our team can truly make your property damage, “Like it never even happened.”

Born and raised here on Cape Cod, we understand the concerns and needs people have when their property has a damage; whether residential or commercial. Resolving issues quickly is our number one goal. We want you to feel confident in our services and know that we care about you because we are your neighbors. We believe all members of the team need to be training in property damage.  That training is continuous from initial to more advanced certifications with IICRC. Our team is equipped with the knowledge, equipment and professionalism to restore your property quickly.

Over the years, SERVPRO  has worked with thousands of customers and it is surprising the most common statement we hear is, “I don’t understand my insurance policy.” We find that people in general have little knowledge about how their policies work, what type of coverage they have, what is and isn't covered and basically the entire claims process. After all, we all have busy lives. I thought it may be helpful to write a blog series on these topics in hopes of helping people learn more about something that most of us are required to have in our lives but know very little about.

• Lesson #1: If you have a mortgage it’s guaranteed that you will be required to have insurance on your property.

• Lesson #2: If you default on your payment to the insurance carrier and the insurance policy and its coverage lapse the bank will secure insurance on your behalf charging you for it, and at a premium price most likely.

• Lesson #3: Flood Insurance is an additional policy that you may have to have depending where the property is located. Here's more information about Flood Insurance from FEMA

 Common Question: What Does Insurance  Cover?

That can be a trick question because most policies vary. The things you need to think about are what is the amount of risk or liability covered for an individual or entity by way of insurance services. Insurance coverage is issued by an insurer in the event of an unforeseen or unwanted occurrence. Personal property coverage may not help protect everything you own. You may find that certain types of belongings, such as jewelry or a coin collection, have limited coverage under a standard policy. Some other situations that require additional insurance is water damage or better known as flooding or ground water intrusion. Flooding is not covered under a standard insurance policy.  Another situation that has questionable coverage is sewage backups. Depending on what the source of the backup will determine coverage. Check out your water IQ; Having a good understanding of what is and what is not covered when it comes to insurance coverage is the key to peace of mind before filing a claim.