In this episode Melissa Fradenburg, Financial Advisor, RJFS, and Joe Tiberi, licensed, multi-line insurance agent and owner of The Tiberi Agency in Ann Arbor, MI discuss the recent water damage issues and some common questions with coverage and filing claims.
You will learn:
- Most basic homeowners policies do not cover flood damage.
- What is the difference between flood insurance and drain backup coverage?
- How to tell which type of water damage you can claim.
- Going forward what coverage might you want to consider?
- What you can expect if FEMA steps in to help.
- Read more about Joe Tiberi and The Tiberi Agency
- Tips to prepare for flooding and Severe Weather from Michigan Department of Insurance and Financial Services.
- National Archives: Emergency Salvage of Flood Damaged Family Papers
- FEMA: Salvaging Water-damaged Family Valuables and Heirlooms
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Melissa Joy, CFP®, CDFA® is President and Wealth Advisor at Pearl Planning. Reach out for a call today at 734.274.6744.