The Restoration Pillar Newsletter
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The past month has been exciting for us here at NuBilt. With the completion of a large commercial remodel project, the golf tournament(s), company BBQ and mold training for our staff and all the other on-going assignments, summer is just flying by. We are also working on a Spanish version of our website so we can provide helpful information to the Spanish-speaking demographic. This month we will touch on two issues on many property owners minds- flood insurance and hail damage scams. The first article answers many myths in regards to “flood insurance” and the second article gives tips to avoid getting scammed for roof hail damage claims. Warmest Wishes, |
| Issa Ashour President |
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Get The Facts About
Flood Insurance
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Popular yet incorrect notions about the National Flood Insurance Program can lead homeowners and businesses to pass up this easy and important safeguard. Here are some truths about flood insurance that can help residents.
Myth: Homeowners' insurance policies cover floods.
Fact: No, most standard multi-peril home and business insurance policies do not cover flooding. The National Flood Insurance Program (NFIP) is the only way a homeowner, business owner or renter can limit the cost of damages from flooding. Homes, businesses, personal property and business inventory contents are covered for flood by the NFIP. Policies may be purchased through private insurance companies or directly from an NFIP Agent.
Myth: You cannot buy flood insurance if you do not live in a high flood-risk area or if your home or business was flooded in the past...
Beware of Hail Damage Scams
By David Colmans
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Many homeowners across the region are discovering that the sun isn't the only thing that comes out after a hailstorm. The National Insurance Crime Bureau reported in late April that roof repair scams involving hailstorm damage increased 407 percent nationwide between the first quarter of 2008 and the first quarter of this year.
This is how it usually starts. A doorknob hanger tells the homeowner that recent catastrophic hail and windstorms struck the area and the home may have severe damage from the storms.
The hanger goes on to report "insurance companies are compensating." Also, "most homeowners are unaware of the storm damage on their roof."
Here's the kicker: The roofer or construction company offers a "free roof inspection and property inspection for storm damage and insurance compensation." There's a toll-free number to call "today for your free roof...
