Severe Weather, Floods & Protecting Your Assets

This summer’s flooding in Texas, Wisconsin, North Carolina and New Mexico has been a sobering reminder of how quickly weather can disrupt lives and finances. Homes and businesses were submerged, vehicles destroyed, and personal belongings lost in a matter of hours. And with hurricane season looming, experts warn that 2025 could be another active year.

The Hidden Risk: Coverage Gaps
Many homeowners assume their standard policy covers flooding. It doesn’t. Water damage from a burst pipe may be covered, but flood damage caused by rising water typically requires a separate rider – or a federal flood insurance policy. After a storm, the last thing you want is to find out your biggest asset is unprotected.

The Growing Threat
Climate change has made severe weather more common. According to NOAA, the U.S. experienced 28 separate billion-dollar weather disasters in 2023 alone – a record. From wildfires to tornadoes to hurricanes, the risk landscape is shifting.

That means insurance coverage you bought ten years ago may not be adequate today.

Steps to Take Now

1. Review Your Policies – Don’t assume coverage. Sit down with your insurance agent to identify gaps. Ask specifically about water damage, flood coverage, and exclusions.
2. Update Your Asset Inventory – Keep records of your belongings with photos and receipts. In a claim situation, this speeds up reimbursement.
3. Have a Plan – Beyond insurance, know your evacuation routes, keep critical documents in waterproof storage, and create a communication plan for your family.
4. Protect Financial Assets – Ensure emergency funds are in accessible accounts, not tied up in illiquid investments. Severe weather often requires immediate cash access.

Peace of Mind in Preparation

The emotional toll of losing a home or business can be devastating. Having a plan – and knowing you’re covered – eases the stress and helps families recover faster.

With hurricanes forming earlier in the season and rainfall intensifying across the Midwest, now is the time to check your coverage. Don’t let assumptions stand in the way of resilience.

The cost of being unprepared is far greater than the cost of a careful plan.

To learn more, schedule a meeting with one of our financial professionals today.

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