Don’t Drown in Expenses: Why to Get Flood Insurance

Flood waters have the power to damage not only your home and sense of security, but also your financial future. How can you protect the biggest investment of your life in case of a flood?

You have two options. The first one is to hope that you will receive federal disaster relief if a flood damages your property. Many people are under the misconception that the government will take care of their financial needs should they suffer flood damages. The truth is that federal disaster assistance only becomes available once the president formally declares a disaster. Even if you receive disaster assistance, it often comes in the form of a loan you will have to repay with interest. Of course, these payments are in addition to your regular mortgage payments.

That being said, you must consider the possibility that if your home becomes flooded and you are not offered disaster assistance, you should consider the massive damage costs alone. The bottom line is that if you’re looking for secure protection from financial loss due to flood damage, federal disaster assistance is not the answer.

Your other option is to buy flood insurance and stay protected, no matter what. When disaster strikes, flood insurance policyholder claims are paid, even if a disaster is not federally declared. Flood insurance means that you’ll be reimbursed for all of your covered losses. And unlike federal aid, it never has to be repaid. Typically, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area, it’s already too late to purchase coverage. You will not be insured if you buy a policy a few days prior to a flood, so stay ahead of a bad situation and contact us today!

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Updating Your Insurance Coverage After Major Life Changes

15 Jul, 2024

As we approach the mid-year mark (can you believe how quickly time flies?), we at Anthony Insurance Agency want to ensure your coverage is current and aligns with any recent life changes. It's essential to review your coverage periodically, especially after significant life events, as they can impact your coverage and premiums. Here are some common events that may affect your needs: Family Dynamics Changes in family size, marital status, or the unfortunate loss of a family member can significantly impact your insurance needs. For instance, adding a new family member might necessitate more extensive health or life insurance coverage, while a change in marital status might require updating beneficiary designations. Location Changes Relocating to a new address or a student moving away for college can also influence your insurance requirements. Moving to a new home might require adjustments in your homeowners or renters insurance, while a child going to college might need specific coverage for their belongings. Insurance Transitions Turning 26 and transitioning off a parent's insurance plan or experiencing a loss of job-related coverage are critical moments to reassess your insurance policies. These transitions can leave gaps in coverage that need to be addressed promptly to avoid lapses. Miscellaneous Milestones Becoming eligible for Medicare, fluctuations in income, achieving U.S. citizenship status, or transitioning post-incarceration are other significant milestones that can alter your insurance needs. Each of these events can affect the type and amount of coverage that is most appropriate for your situation. If any of these situations resonate with you, please schedule a consultation with us. By updating your coverage, we can ensure you're adequately protected in the most cost-effective manner possible. Let's work together to keep your coverage up-to-date and aligned with your current life stage.

Preparing for Hurricane Season: Essential Tips for Homeowners

15 May, 2024

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Summer Activities for Seniors

15 Apr, 2024

As we gracefully step into the golden years of retirement, the summer season unfolds as a wonderful time to rediscover the outdoors and indulge in activities that our busy schedules might have previously limited. At Anthony Insurance Agency, we understand the diverse health and comfort levels among us, especially during these vibrant years. With that in mind, we're thrilled to share a handful of accessible and enjoyable summer activities designed for active seniors. Whether for yourself or someone you care about, these ideas promise to enrich your summer days with health, happiness, and a touch of adventure. 1. Discover a New Path The simple act of walking outdoors not only nourishes the soul but also offers numerous health benefits, including reduced anxiety and improved sleep quality. Why not explore your neighborhood for walking trails or venture on a different route than usual? A change of scenery can do wonders for your mental and physical well-being. 2. Embark on a Local Adventure Summer is the perfect season for day trips. Consider planning a visit to local flea markets, malls, or restaurants with charming outdoor patios. To keep comfortable, alternate between indoor and outdoor activities. It's a delightful way to discover new places and create lasting memories. 3. Engage in Lawn Games With a significant portion of older adults living alone, staying socially connected is crucial. Lawn games offer a fantastic opportunity to engage in friendly competition. Gather friends and family for a game of cornhole, bocce ball, or simply enjoy a leisurely walk or day out. These activities not only keep you active but also strengthen social bonds. 4. Cultivate a Garden Gardening is a serene and fulfilling hobby that connects you with nature. Embrace the therapeutic benefits of tending to a garden. Whether you're growing flowers, vegetables, or herbs, gardening is a rewarding way to spend your time outdoors, soaking up the sunshine and caring for your mental and physical health. We hope this curated list inspires you to embrace the summer season with enthusiasm and activity. Remember, it's never too late to try something new or to revisit an old hobby with a fresh perspective. At Anthony Insurance Agency, we're here to support you in making the most of these golden years. Stay Connected! Follow and like our social media accounts for more tips, ideas, and updates tailored for active seniors like you. Let's make this summer unforgettable, together.

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