flood Archives - Spencer Insurance Agency, Inc

Why is flood insurance important?

You don’t have to live in a flood-prone area to encounter flooding in your home. This can happen at any time to anyone! Flooding can be caused by more than just natural disasters. If you own a home, you need flood insurance. There are a two different types of flood insurance: the National Flood Insurance Program and private flood insurance. The area you live in will determine which type of flood insurance is best for you.

The National Flood Insurance Program is a flood insurance that is offered through FEMA. If you are located in one of the 21,000 communities that participate in this program, you should be eligible for both types of coverage offered by the National Flood Insurance Program. The two types are building property coverage and personal property coverage. Building property coverage is “replacement cost value” coverage. This means that building property coverage covers the cost to repair or replace your home up to $250,000. Personal property coverage replaces up to $100,000 of items in your home.

 The other type of flood insurance is private flood insurance. Private flood insurance premiums vary based on the insurance companies that offer it. Speak with your insurance agent regarding cost and coverage plans.

You may qualify for both the National Flood Insurance Program and private flood insurance. Depending on the value of your home and contents in it, you might be better off getting both to protect yourself in the event of a flood.

Flood Facts:

  • Just one inch of water can cause more than $20,000 in damage.
  • It takes just six inches of fast-moving water to sweep an adult off their feet and 12 inches of water to sweep a car away.
  • Flash floods typically carry water between 10 and 20 feet high.
  • If you live in a 100-year flood plain, your home has a 1% chance of flooding each year.
  • Moving water at 10 mph carries the same pressure as wind blowing at 270 mph.
  • If your home is in a flood plain and you have a federally backed mortgage, you are required by law to carry flood insurance.

Give our office a call to discuss all your flood insurance options! (215) 885-2200


Source: https://www.daveramsey.com/blog/need-flood-insurance

More heavy rain is expected Thursday and Friday


I don’t have to tell you that we have had a lot of rain this February but I guess it could have been snow!

On the news I heard the Philadelphia area has had 6 inches of rain in February.   Normally we have about 2.5 inches.  If April showers bring May flowers then what do February rains bring?

Flooding problems.  My sump pump is working overtime and my back yard lawn looks like a lake.  Well it looks like March is going to start with a bang.  Rainfall of another 1 to 2 inches of rain is predicted so make some preparations now. What can you do?

  • Make sure the storm drains on your street are not clogged with debris. If it is clogged then remove the debris so water can enter the storm drains.
  • Check your gutters to make sure they are not blocked.
  • Make sure gutters are placing water away from your house and foundation.

A few minutes of preparation can save you a mess later.  I always tell clients that even though you have the proper coverage having a claim is still a major pain.  Yes we can help you recover financially but you still need to do the cleanup.

While on the subject of rain I need to mention flood insurance.  I hear too many times from people that they do not need flood insurance because they are not in a flood zone.  Guess what:  Everyone is in a flood zone.  How severe it is depends on your location.

Let me share a couple examples of flood claims.

  • A water main break – we see it all the time and it floods homes
  • You live high on a hill, but above you is a water reservoir. The reservoir leaks and the water and mud comes down the hill into your home. (this happened to one of our clients)


If you are in a preferred flood zone you pay less.  Contact us today to learn more about flood insurance. You need to purchase flood insurance before the storm comes.  There is a 30 day waiting period after you purchase flood insurance before you have coverage.  So don’t delay call us for a flood insurance quote.  Don’t be one of those people on TV that you hear say “It never happened here before.”

Stay dry!

I have an app for that. . .

You know you should do a household inventory in case of an emergency!  How many times have you told yourself you were going to sit down and do the inventory of your house then keep it in a safe place in case you have a house fire.  Sound familiar

You just can’t find the right time to do it.

A few years back a client’s house burned to the ground in minutes.  His family safely exited the house but all his belongings went up in smoke.  Fortunately he had the proper homeowners  insurance, however the next step was to do an inventory of all his belongings.  Think about that for a minute.  Could you list everything you owned, furniture, clothing, dishes, household supplies, toys, collectibles, etc?  With the help of other family members who had taken pictures in their house, they were able to put together a list.  The list was constantly updated as they remembered something else.

Having a house fire is bad enough.  I want to help you make the claim process easier.  There are many applications online which help you do an inventory.

Now there is an iPhone and Android app for your smart phone!

the National Association of Insurance Commissioners (NAIC) has developed an app which allows users to create a home inventory to make sure their contents are fully documented and protected.  The free app lets users quickly photograph and capture images, descriptions and serial numbers, and store the information electronically for safekeeping.  The app organizes everything by room and category, and creates a back-up file for e-mail sharing. The myHOME Scr.APP.book app is available through iTunes® and the Android Marketplace.  For more information on how to do a home inventory visit the NAIC Website.  Or go directly to the smart phone app of your choice, Android or iPhone.

Be prepared for emergencies.  It can make your homeowner’s Insurance claim a lot easier.




Did you receive our Email Alerts during Hurricane Irene?

During the recent hurricane, Spencer Insurance Agency sent email alerts to our clients.  These alerts were designed to both help you prepare for the approaching hurricane and help you recover after the hurricane.  We sent tips from FEMA and the American Red Cross along with a list of our companies’ claim reporting numbers.

Unfortunately not all our clients received this timely information.  If you did not receive the email alerts it is because we do not have your current email address or you opted out of our “tips and alerts.”

Send us your email address and we promise:

  • To send valuable alerts when storms approach our area
  • Send you valuable tips on getting the most out of your insurance
  • Send you valuable tips on how to avoid a costly loss
  • Not to spam your account
  • Not to share your email address with anyone else except as required by law

Your email address helps us give you better customer service by:

  • Sending you notices of cancellations
  • Sending you an auto ID card
  • Sending you proof of insurance
  • Sending you a request for missing information

To opt into our email alerts, send us an email to info@spencerinsurance.com and we will add you to our email alert system.

You will start receiving valuable tips and alerts and timelier customer service.  Typically we send out two tips a month and alerts when necessary.  You can always opt out of the system.

Help us better protect you by sending us your updated email address.  Be sure to give us the best email address to contact you and let us know if it is your personal or business email address.

At Spencer Insurance “Your Protection and Peace of Mind is Our Only Business!”

April Showers Bring May Floods!

Spring is here and flowers are blooming.  It is great to see everything come alive again.  However, spring showers bring the risk of flooding.

Here are a few quick Flood Facts:

  1. You are NOT covered for flood damage if you do not have a flood insurance policy.
  2. 98% of homeowners do NOT have a policy and 25% of flood claims happen in low-moderate risk flood zones.
  3. According to FloodSmart.com, ANY home has a 26% chance of being damaged by a flood during a 30 year mortgage, compared to a 9% chance of being damaged by fire. Visit Here for more information from FloodSmart.gov.
  4. Flood insurance is affordable.  For example: Federal disaster assistance is usually a loan that must be paid back with interest.  For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2880 a year) for 30 yrs.  Now compare that to a $100,000 flood insurance premium, which is about $500 a year ($33 a month).

    Always remember that a flood insurance policy does NOT take effect until 30 days AFTER its purchase.

Do you have any stories of flooding that you can share?  If so, comment below and let us know, what happened to you?  Don’t wait until it is too late. 

  How often have we heard on TV someone say “I have been living here 50 years and this never happened before? 

 Call us today at 215-885-2200 for more information on protecting your home from flooding.