HPM Insurance Blog https://www.hpminsurance.com/blog Learn all about helpful insurance coverages for you or your business from New Hampshire professionals! en-us Tue, 15 Nov 2022 21:27:57 GMT 2022-11-15T21:27:57Z en-us HPM Insurance and Insurance Solutions Corp Affiliate https://www.hpminsurance.com/blog/hpm-insurance-and-insurance-solutions-corp-affiliate <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/hpm-insurance-and-insurance-solutions-corp-affiliate" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/HPM%20ISC.jpg" alt="HPM and ISC affiliate" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>HPM Insurance and Insurance Solutions Corporation (ISC) are pleased to announce an agreement to affiliate. Through this affiliation, HPM and ISC will support each other and work towards improving workflows, procedures, and technologies to better support their employees, carrier relationships, and especially their clients.</p> <h1><span style="background-color: transparent;">HPM Insurance and Insurance Solutions Corp Affiliate</span></h1> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/hpm-insurance-and-insurance-solutions-corp-affiliate" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/HPM%20ISC.jpg" alt="HPM and ISC affiliate" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>HPM Insurance and Insurance Solutions Corporation (ISC) are pleased to announce an agreement to affiliate. Through this affiliation, HPM and ISC will support each other and work towards improving workflows, procedures, and technologies to better support their employees, carrier relationships, and especially their clients.</p> <h1><span style="background-color: transparent;">HPM Insurance and Insurance Solutions Corp Affiliate</span></h1> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fhpm-insurance-and-insurance-solutions-corp-affiliate&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Agency News Tue, 15 Nov 2022 21:27:57 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/hpm-insurance-and-insurance-solutions-corp-affiliate 2022-11-15T21:27:57Z Why Did My Homeowners Insurance Premium Go Up? https://www.hpminsurance.com/blog/why-did-my-homeowners-insurance-premium-go-up <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/why-did-my-homeowners-insurance-premium-go-up" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Concepts/piggy%20bank%2072.jpg" alt="Save money on NH Home Insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>Homeowner's insurance typically renews every 12 months with generally a slight premium increase.&nbsp; This year, however, you may experience an increase more significant than in the past.&nbsp; Why and what can you do about it?&nbsp; Find out from the experienced insurance agents of HPM Insurance. </span></p> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/why-did-my-homeowners-insurance-premium-go-up" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Concepts/piggy%20bank%2072.jpg" alt="Save money on NH Home Insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>Homeowner's insurance typically renews every 12 months with generally a slight premium increase.&nbsp; This year, however, you may experience an increase more significant than in the past.&nbsp; Why and what can you do about it?&nbsp; Find out from the experienced insurance agents of HPM Insurance. </span></p> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fwhy-did-my-homeowners-insurance-premium-go-up&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Homeowners Insurance save money Tue, 08 Nov 2022 20:35:25 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/why-did-my-homeowners-insurance-premium-go-up 2022-11-08T20:35:25Z Why is My Business Insurance Premium Going Up? https://www.hpminsurance.com/blog/why-did-my-business-insurance-premiums-go-up <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/why-did-my-business-insurance-premiums-go-up" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Concepts/piggy%20bank.jpg" alt="Business Insurance New Hampshire" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>There are various reasons why business insurance premiums typically increase, including adding coverage or claims experience.&nbsp; However, these are not normal times, and many business owners are seeing rate increases even if their coverage or claims experience has not changed.&nbsp; <span style="font-size: 16px;">This blog sheds light on why and what can be done to offset some of the increase.</span></span></p> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/why-did-my-business-insurance-premiums-go-up" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Concepts/piggy%20bank.jpg" alt="Business Insurance New Hampshire" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>There are various reasons why business insurance premiums typically increase, including adding coverage or claims experience.&nbsp; However, these are not normal times, and many business owners are seeing rate increases even if their coverage or claims experience has not changed.&nbsp; <span style="font-size: 16px;">This blog sheds light on why and what can be done to offset some of the increase.</span></span></p> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fwhy-did-my-business-insurance-premiums-go-up&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Insurance Tue, 25 Oct 2022 15:44:50 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/why-did-my-business-insurance-premiums-go-up 2022-10-25T15:44:50Z Do I Need Snowplowing Insurance to Plow My Neighbor’s Driveway? https://www.hpminsurance.com/blog/do-i-need-snowplowing-insurance-to-plow-my-neighbors-driveway <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/do-i-need-snowplowing-insurance-to-plow-my-neighbors-driveway" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Blog%20photos/CL/snowplow72.jpg" alt="Can I plow my neighbor's driveway" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>Clearing your neighbor’s driveway during winter is a kind favor, but the favor can present some unanticipated risks. Find out what the risks are before you plow yourself into trouble.</span></p> <h1><span></span><strong>Am I Covered if I Snowplow a Neighbor's Driveway?</strong></h1> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/do-i-need-snowplowing-insurance-to-plow-my-neighbors-driveway" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Blog%20photos/CL/snowplow72.jpg" alt="Can I plow my neighbor's driveway" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>Clearing your neighbor’s driveway during winter is a kind favor, but the favor can present some unanticipated risks. Find out what the risks are before you plow yourself into trouble.</span></p> <h1><span></span><strong>Am I Covered if I Snowplow a Neighbor's Driveway?</strong></h1> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fdo-i-need-snowplowing-insurance-to-plow-my-neighbors-driveway&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Insurance Commercial Auto Insurance Auto Insurance Wed, 05 Oct 2022 15:43:45 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/do-i-need-snowplowing-insurance-to-plow-my-neighbors-driveway 2022-10-05T15:43:45Z Does My NH Homeowners Insurance Cover My Child While in College? https://www.hpminsurance.com/blog/does-my-nh-homeowners-insurance-cover-my-child-while-in-college <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/does-my-nh-homeowners-insurance-cover-my-child-while-in-college" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/college%202.jpg" alt="Insuring your NH college student " class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>Having your child leave the nest to go to college is an exciting time for both of you, but it raises some important questions.&nbsp; Is your son or daughter still considered a household member for insurance purposes?&nbsp; Do you need a separate policy to cover your college-bound son or daughter? As with many issues regarding insurance, the answer is....maybe.</span></p> <h1>What Every NH Parent Needs to Know about Insuring their College Student</h1> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/does-my-nh-homeowners-insurance-cover-my-child-while-in-college" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/college%202.jpg" alt="Insuring your NH college student " class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span>Having your child leave the nest to go to college is an exciting time for both of you, but it raises some important questions.&nbsp; Is your son or daughter still considered a household member for insurance purposes?&nbsp; Do you need a separate policy to cover your college-bound son or daughter? As with many issues regarding insurance, the answer is....maybe.</span></p> <h1>What Every NH Parent Needs to Know about Insuring their College Student</h1> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fdoes-my-nh-homeowners-insurance-cover-my-child-while-in-college&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Homeowners Insurance Fri, 26 Aug 2022 14:37:16 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/does-my-nh-homeowners-insurance-cover-my-child-while-in-college 2022-08-26T14:37:16Z Is My Suitcase Covered By My NH Homeowners Insurance? https://www.hpminsurance.com/blog/is-my-suitcase-covered-by-my-nh-homeowners-insurance- <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/is-my-suitcase-covered-by-my-nh-homeowners-insurance-" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Insurance/suitcase.jpeg" alt="NH Home Insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span style="background-color: transparent; font-size: 1rem;">Summer is when many people like to travel, but if your plans include a flight, consider some tips to assure your baggage does not go "bon voyage" to a different destination and what to expect from your insurer if it does.</span></p> <h1></h1> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/is-my-suitcase-covered-by-my-nh-homeowners-insurance-" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Insurance/suitcase.jpeg" alt="NH Home Insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span style="background-color: transparent; font-size: 1rem;">Summer is when many people like to travel, but if your plans include a flight, consider some tips to assure your baggage does not go "bon voyage" to a different destination and what to expect from your insurer if it does.</span></p> <h1></h1> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fis-my-suitcase-covered-by-my-nh-homeowners-insurance-&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Homeowners Insurance Personal Insurance Wed, 27 Jul 2022 04:00:00 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/is-my-suitcase-covered-by-my-nh-homeowners-insurance- 2022-07-27T04:00:00Z 10 Financial Tips to Consider Regarding Your NH Homeowners and Car Insurance https://www.hpminsurance.com/blog/10-financial-tips-to-consider-regarding-your-nh-home-and-car-insurance <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/10-financial-tips-to-consider-regarding-your-nh-home-and-car-insurance" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Concepts/piggy.jpeg" alt="Save money on NH insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p style="text-align: left;">&nbsp;It is always a good idea to ensure you are not wasting money, especially during challenging economic times.&nbsp; As insurance is a necessity and a significant part of any household budget, check out these 10 tips on saving money on NH home and auto insurance.</p> <h1 style="text-align: center;"></h1> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/10-financial-tips-to-consider-regarding-your-nh-home-and-car-insurance" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Assets/General%20Concepts/piggy.jpeg" alt="Save money on NH insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p style="text-align: left;">&nbsp;It is always a good idea to ensure you are not wasting money, especially during challenging economic times.&nbsp; As insurance is a necessity and a significant part of any household budget, check out these 10 tips on saving money on NH home and auto insurance.</p> <h1 style="text-align: center;"></h1> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2F10-financial-tips-to-consider-regarding-your-nh-home-and-car-insurance&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Homeowners Insurance Car Insurance Personal Insurance Wed, 13 Jul 2022 16:19:11 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/10-financial-tips-to-consider-regarding-your-nh-home-and-car-insurance 2022-07-13T16:19:11Z HPM Insurance Laconia Moves to New Location https://www.hpminsurance.com/blog/hpm-insurance-laconia-moves-to-new-location <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/hpm-insurance-laconia-moves-to-new-location" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/HPMinsurance/Office%20locations/67%20Water%20St%20272.jpg" alt="HPM Insurance Laconia NH" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p style="font-size: 16px;">HPM Insurance is pleased to announce the relocation of its Laconia office from 208 Union Avenue to 67 Water Street, Suite 201, in the commercial condo units of the former Iron Foundry.</p> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/hpm-insurance-laconia-moves-to-new-location" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/HPMinsurance/Office%20locations/67%20Water%20St%20272.jpg" alt="HPM Insurance Laconia NH" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p style="font-size: 16px;">HPM Insurance is pleased to announce the relocation of its Laconia office from 208 Union Avenue to 67 Water Street, Suite 201, in the commercial condo units of the former Iron Foundry.</p> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fhpm-insurance-laconia-moves-to-new-location&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Agency News Tue, 17 May 2022 15:09:53 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/hpm-insurance-laconia-moves-to-new-location 2022-05-17T15:09:53Z Does My Homeowners Insurance Cover My Boat? https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-my-boat <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-my-boat" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Blog%20photos/PL%20Ins/boat%202.jpeg" alt="Is a boat covered by homeowners insurance?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>If you own a boat of any kind, it’s essential to make sure that you and your boat are protected by insurance.&nbsp; While some <a href="https://www.hpminsurance.com/homeowners-insurance-new-hampshire">homeowners insurance policies</a> may offer limited coverage for boats, the protection is minimal. Here’s what you need to know.</p> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-my-boat" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Blog%20photos/PL%20Ins/boat%202.jpeg" alt="Is a boat covered by homeowners insurance?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>If you own a boat of any kind, it’s essential to make sure that you and your boat are protected by insurance.&nbsp; While some <a href="https://www.hpminsurance.com/homeowners-insurance-new-hampshire">homeowners insurance policies</a> may offer limited coverage for boats, the protection is minimal. Here’s what you need to know.</p> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fdoes-my-homeowners-insurance-cover-my-boat&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Homeowners Insurance Boat Insurance Personal Insurance Wed, 20 Apr 2022 15:38:44 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-my-boat 2022-04-20T15:38:44Z Does My Homeowners Insurance Cover Flooding? https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-flooding <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-flooding" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Blog%20photos/PL%20Ins/flooded%20basement.jpg" alt="Flood and NH Homeowners Insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><a href="https://www.hpminsurance.com/homeowners-insurance-new-hampshire">Homeowners insurance</a> provides many essential protections for residents who have houses in New Hampshire. But unfortunately, <a href="https://www.hpminsurance.com/flood-insurance-new-hampshire">flood insurance coverage</a>&nbsp;isn’t one of those protections.</p> <h1><strong>Is My New Hampshire House Covered by Homeowners Insurance If It Floods?</strong></h1> <p style="font-weight: normal;">The standard homeowner's insurance policy does not provide any coverage for flood damage.&nbsp; A separate policy must be purchased either through the National Flood Insurance Program (NFIP), under the Federal Emergency Management Agency (FEMA), or a private market.</p> <h2 style="font-weight: bold;">Do I Have Coverage for Flood if my NH Homeowner's Insurance is "All-Risk"?</h2> <p style="font-weight: normal;">Insurance professionals are not fans of the term all-risk because it is inaccurate.&nbsp; No policy would cover absolutely anything that could cause damage to a house, primarily because of the following reasons:</p> <p style="font-weight: normal;">1. Higher probability of an insured's moral hazard leading to unnecessary claims. This is why neglect is specifically excluded from most property policies, as well as intentional loss.</p> <p style="font-weight: normal;">2. Property policies have exclusions to prevent massive claims that could bankrupt an insurance company, such as property damage caused by flood, war, or a nuclear hazard.</p> <h2><strong>How do insurance companies define "flooding"?</strong></h2> <p>Insurance companies generally define “flooding” as water damage from a flood, surface water, waves, tidal water, overflow of a body of water, or spray from any of these whether nor not driven by the wind.</p> <p>This could include flooding from heavy rain or snowmelt, as well as an overflow of inland or tidal waters.</p> <p>Flooding can also include water that backs up through sewers or drains or overflows from a sump; or water below the ground surface, including water that exerts pressure on or seeps or leaks through a building, sidewalk, driveway, foundation, swimming pool, or other structure.</p> <p>The good news is that though NH Homeowners carriers do not offer coverage for surface water damage from heavy rain or overflow of tidal or inland waters, many do offer water backup coverage.&nbsp; That said, it usually has to be added by endorsement and is not frequently automatically provided.</p> <h2>What if a pipe burst in my home- is that considered a flood?</h2> <p>Though homeowners insurance does not typically cover flood, a burst pipe that floods a room does not meet the definition of a flood, so it is often covered.&nbsp; That said, be sure to consult with your insurance professional, especially if you have a secondary or seasonal home or plan on being away from your primary home for an extended length of time.&nbsp; You may need to install a water leak detector.</p> <h2>What if my home is not in a flood zone- why would I need flood insurance?</h2> <p>The severity of flooding in NH and across the country is real. During the summer of 2021, up to four inches of rain fell overnight, causing flash floods and property damage. Most damages were not on the coast, where one may assume damage, but inland.&nbsp; In short, if it rains where you live, you should consider flood insurance.</p> <h2><strong>The basics of flood insurance:</strong></h2> <p>Flood insurance can help fill in the gap that homeowners' policies leave.&nbsp; Typically a flood policy will cover the homeowner for water damage caused by the temporary condition of partial or complete inundation of 2 or more acres of normally dry land OR two or more properties (at least 1 of which is the policyholder's property) from:</p> <p>1. Overflow of inland or tidal waters; or</p> <p>2. Unusual and rapid accumulation or runoff of surface waters from any source, or</p> <p>3. Mudslides caused by flooding</p> <p>4. Collapse or subsidence of land along the shore of a lake or a similar body of water due to erosion caused by waves or currents exceeding anticipated cyclical levels that result in a flood.</p> <p>When there is a covered flooding event, flood policies can provide protection through a few primary coverages:</p> <ul> <li style="color: #000000;"><strong>Buildings: </strong>May cover houses, additions, manufactured homes, detached garages, etc.</li> <li style="color: #000000;"><strong>Contents: </strong>May cover clothes, finished floors, carpets, appliances, etc.</li> <li style="color: #000000;"><strong>Others: </strong>May cover debris removal, loss avoidance, HOA special assessments, etc.</li> </ul> Contents coverage can include various belongings, or it might be limited to only appliances. Discuss the details of your belongings and location (in the basement vs. the first floor) to ensure the flood policy covers what you expect. <br> <br> <h2><strong>Flood policies are available to New Hampshire homeowners</strong></h2> <p style="font-weight: normal;">A few years ago, the only way to purchase flood insurance was through an agent and FEMA.&nbsp; But with the frequency of significant flood claims and scrutiny to the financial health of the government-backed program, FEMA flood rates are on the rise.&nbsp;</p> <p style="font-weight: normal;">The good news is that at the same time, technology is improving, allowing the private market to want to get into the flood insurance market, so there are now more options for consumers.&nbsp;&nbsp;</p> <p style="font-weight: normal;">HPM Insurance has access to both FEMA flood and the private flood insurance companies, so contact us today to discuss your options.</p> <h2><strong>Get help insuring your New Hampshire home</strong></h2> <p>Homeowners insurance and flood insurance are two important policies to consider, but they aren’t the only ones you should consider. At HPM Insurance, our independent agents can help you consider all policy types -- homeowners, flood, and others -- that might help protect your home. We’ll walk you through each, so you can make informed decisions and ensure your house is protected as you want.</p> <div class="hs-featured-image-wrapper"> <a href="https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-flooding" title="" class="hs-featured-image-link"> <img src="https://www.hpminsurance.com/hubfs/Blog%20photos/PL%20Ins/flooded%20basement.jpg" alt="Flood and NH Homeowners Insurance" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><a href="https://www.hpminsurance.com/homeowners-insurance-new-hampshire">Homeowners insurance</a> provides many essential protections for residents who have houses in New Hampshire. But unfortunately, <a href="https://www.hpminsurance.com/flood-insurance-new-hampshire">flood insurance coverage</a>&nbsp;isn’t one of those protections.</p> <h1><strong>Is My New Hampshire House Covered by Homeowners Insurance If It Floods?</strong></h1> <p style="font-weight: normal;">The standard homeowner's insurance policy does not provide any coverage for flood damage.&nbsp; A separate policy must be purchased either through the National Flood Insurance Program (NFIP), under the Federal Emergency Management Agency (FEMA), or a private market.</p> <h2 style="font-weight: bold;">Do I Have Coverage for Flood if my NH Homeowner's Insurance is "All-Risk"?</h2> <p style="font-weight: normal;">Insurance professionals are not fans of the term all-risk because it is inaccurate.&nbsp; No policy would cover absolutely anything that could cause damage to a house, primarily because of the following reasons:</p> <p style="font-weight: normal;">1. Higher probability of an insured's moral hazard leading to unnecessary claims. This is why neglect is specifically excluded from most property policies, as well as intentional loss.</p> <p style="font-weight: normal;">2. Property policies have exclusions to prevent massive claims that could bankrupt an insurance company, such as property damage caused by flood, war, or a nuclear hazard.</p> <h2><strong>How do insurance companies define "flooding"?</strong></h2> <p>Insurance companies generally define “flooding” as water damage from a flood, surface water, waves, tidal water, overflow of a body of water, or spray from any of these whether nor not driven by the wind.</p> <p>This could include flooding from heavy rain or snowmelt, as well as an overflow of inland or tidal waters.</p> <p>Flooding can also include water that backs up through sewers or drains or overflows from a sump; or water below the ground surface, including water that exerts pressure on or seeps or leaks through a building, sidewalk, driveway, foundation, swimming pool, or other structure.</p> <p>The good news is that though NH Homeowners carriers do not offer coverage for surface water damage from heavy rain or overflow of tidal or inland waters, many do offer water backup coverage.&nbsp; That said, it usually has to be added by endorsement and is not frequently automatically provided.</p> <h2>What if a pipe burst in my home- is that considered a flood?</h2> <p>Though homeowners insurance does not typically cover flood, a burst pipe that floods a room does not meet the definition of a flood, so it is often covered.&nbsp; That said, be sure to consult with your insurance professional, especially if you have a secondary or seasonal home or plan on being away from your primary home for an extended length of time.&nbsp; You may need to install a water leak detector.</p> <h2>What if my home is not in a flood zone- why would I need flood insurance?</h2> <p>The severity of flooding in NH and across the country is real. During the summer of 2021, up to four inches of rain fell overnight, causing flash floods and property damage. Most damages were not on the coast, where one may assume damage, but inland.&nbsp; In short, if it rains where you live, you should consider flood insurance.</p> <h2><strong>The basics of flood insurance:</strong></h2> <p>Flood insurance can help fill in the gap that homeowners' policies leave.&nbsp; Typically a flood policy will cover the homeowner for water damage caused by the temporary condition of partial or complete inundation of 2 or more acres of normally dry land OR two or more properties (at least 1 of which is the policyholder's property) from:</p> <p>1. Overflow of inland or tidal waters; or</p> <p>2. Unusual and rapid accumulation or runoff of surface waters from any source, or</p> <p>3. Mudslides caused by flooding</p> <p>4. Collapse or subsidence of land along the shore of a lake or a similar body of water due to erosion caused by waves or currents exceeding anticipated cyclical levels that result in a flood.</p> <p>When there is a covered flooding event, flood policies can provide protection through a few primary coverages:</p> <ul> <li style="color: #000000;"><strong>Buildings: </strong>May cover houses, additions, manufactured homes, detached garages, etc.</li> <li style="color: #000000;"><strong>Contents: </strong>May cover clothes, finished floors, carpets, appliances, etc.</li> <li style="color: #000000;"><strong>Others: </strong>May cover debris removal, loss avoidance, HOA special assessments, etc.</li> </ul> Contents coverage can include various belongings, or it might be limited to only appliances. Discuss the details of your belongings and location (in the basement vs. the first floor) to ensure the flood policy covers what you expect. <br> <br> <h2><strong>Flood policies are available to New Hampshire homeowners</strong></h2> <p style="font-weight: normal;">A few years ago, the only way to purchase flood insurance was through an agent and FEMA.&nbsp; But with the frequency of significant flood claims and scrutiny to the financial health of the government-backed program, FEMA flood rates are on the rise.&nbsp;</p> <p style="font-weight: normal;">The good news is that at the same time, technology is improving, allowing the private market to want to get into the flood insurance market, so there are now more options for consumers.&nbsp;&nbsp;</p> <p style="font-weight: normal;">HPM Insurance has access to both FEMA flood and the private flood insurance companies, so contact us today to discuss your options.</p> <h2><strong>Get help insuring your New Hampshire home</strong></h2> <p>Homeowners insurance and flood insurance are two important policies to consider, but they aren’t the only ones you should consider. At HPM Insurance, our independent agents can help you consider all policy types -- homeowners, flood, and others -- that might help protect your home. We’ll walk you through each, so you can make informed decisions and ensure your house is protected as you want.</p> <img src="https://track.hubspot.com/__ptq.gif?a=3427324&amp;k=14&amp;r=https%3A%2F%2Fwww.hpminsurance.com%2Fblog%2Fdoes-my-homeowners-insurance-cover-flooding&amp;bu=https%253A%252F%252Fwww.hpminsurance.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Homeowners Insurance Wed, 09 Mar 2022 18:07:26 GMT april@hpminsurance.com (April Weismann) https://www.hpminsurance.com/blog/does-my-homeowners-insurance-cover-flooding 2022-03-09T18:07:26Z