Many insurance policy holders are getting a big surprise when they receive their upcoming renewal notices.
The news in a nutshell?
Losses on the part of insurance companies are finally being seen in premium increases in renewal notices... AND as important, if not more so:
insurance companies are also pulling out of certain states or disallowing new and policy renewal approvals.
Why the sudden action on the part of carriers?
What do you do if your car is caught in a flash flood?
This is the season for rain storms, flash flooding, and suddenly finding your car in 6" or more of quickly rising water.
It doesn't take much water to create a flash flood, especially in areas with overwhelmed storm drains, the first floor of parking decks, and in densely populated areas because buildings cause significant water runoff.
What type of auto insurance do you need for flood damage? Here's what you should know.