What If I Lost Everything?

Rightfully so, all of our attention is currently turned to the aftermath of Katrina and how much damage Rita will do. Our thoughts and prayers go out to all affected.

Over the next few weeks, this blog will explore some of the questions one should be asking their Independent Agent in the coming weeks and months. Although currently our hearts and attention are turned to the South and Southwest coasts, last year there were 68 major disaster declarations in 43 states, including hurricanes, tornados, earthquakes, flooding and wildfires. Disasters can happen anywhere. Individual tragic losses occur daily. Too often, we think all insurance is the same and the only variable is price. Price is actually the last consideration one should consider. A thoughtful discussion with one's agent about coverage options and individual needs is imperative, and cannot not be had with a website.

We hope you will ask questions as we highlight homeowners, umbrella, business interruption, earthquake, and other coverages.

As an aside, before Katrina it was predicted that homeowners insurance rates for southeastern coastal rates could rise 25% this fall, the largest jump in a decade, due to hurricane claims.