New York is at Risk During Hurricane Season

New York is no stranger to flood disasters and peak hurricane season (August-October) brings a heightened risk of flooding to the State. New York's flood history underscores the severity of the State's flood risks. This year marks the 70th year anniversary of "The Long Island Express" one of the most devastating hurricane's in U.S. history.

The hurricane swept up the Northeast coast, dropping 17 inches of rain in a matter of days and creating waves up to 50 feet high. The storm caused $300 million in total damages-equal to billions of dollars. Don't forget about hurricane Ivan in 2004, even though it weakened before reaching the New York area it still caused more than $3 million in flood claims in the state.

Today a category 3 storm similar to "The Long Island Express" would ravage New York's real estate and business infrastructures. Based on the increased flood risk New York faces in the upcoming months, it is critical that you review your homeowners insurance policy and purchase a flood policy if you don't all ready have one. Remember, everyone can purchase flood insurance whether they're in a floodplain or not, including renter's, business owners and homeowners.

If you are unsure about hurricane and flood protection contact me at (866) 272-8310 or email me at insure@atlanticagency.com and I will make sure that you get the best possible protection at a reasonable price.

Take Care,

Jeff Leibowitz
Atlantic Agency/DCAP Insurance
(866) 272-8310
www.atlanticagency.com

Umbrella Insurance

What's today's eighth most emailed business article from the New York Times?

"An umbrella policy will cover you OVER and ABOVE regular insurance policies. It's like getting a team of attorneys working for you for only pennies on the dollar."

I've taken some "highlights" out of the article:

Here's the nightmare: Your car skids. You crash into a Mercedes with a highly paid business executive at the wheel. He's hurt so badly that he can not return to work. A jury awards him millions of dollars and you have to pay it.

You're wiped out financially. The court takes your savings, goes after your home and for decades requires you to give up part of your salary!

And check out the story that was at the end of the article:

One of Mr. Cox's clients crashed into the rear of a car on a slick highway. A woman and a child were critically injured. After two years of litigation, his client settled the lawsuit for more than $5 million. The client had $15 million in umbrella coverage. The policy paid for the settlement and all legal costs. "Without the Umbrella Coverage, Mr. Cox said they would have been completely wiped out"

Call us today at (866) 272-8310 or email me at insure@atlanticagency.com for a price quote on an Umbrella Policy that will protect you.

Take Care,

Jeff Leibowitz
www.atlanticagency.com
(866) 272-8310