TriCounty Insurance

Tuesday October 20, 2009

Flood Insurance

You must obtain it before the rains come.

Did you know that most homeowners insurance policies do not offer protection against flood losses? The recent fires have vastly increased the risk of floods. Trees, bushes, shrubs and grasses are natural watersheds. They generally hold rain water and allow the water to soak into the ground. The fires have eliminated much of this water shed and the water has no way to go but down the hills. Standard homeowners policies will cover the damage a storm might cause to your home and possessions, but exclude damages from what is known as “rising water”.

Why? The Insurance Information Network of California explains that insurance is essentially a device to spread risk, and few homeowners really need or would purchase this coverage. It is not feasible for a private insurance company to collect enough homeowners insurance to be able to afford to cover those who suffer the loss from flood. This would make the price an insurance company would have to charge to cover its losses too high.

However, flood insurance is available through the National Flood Insurance Program. The NFIP requires all homeowners in a flood hazard areas in the country to purchase flood insurance thus spreading the risk over the greatest number of people and making the coverage both affordable to consumers and actuarially sound for the government to underwrite.

For residential properties, the flood insurance program covers buildings and contents for loss or damage resulting from flooding. It does not cover erosion of soil or damage to fences. The rainy season is coming. If you line in a hilly area or an area that is subject to flooding, call us. Flood insurance is available. Be aware that coverage does not go into effect until after it is accepted by the NFIP.

School Support

Lupin Hill Elementary School Principal Sheila Grady presents a special award plaque to Lindsay Bossuk, representative of TriCounty Insurance in Calabasas, at a morning assembly on Sept. 18.

The award thanked Bossuk for a $1,000 donation and supplies that were given to the school. Students had the opportunity to meet Bossuk. The Lupin Hill School Parent Faculty Club received the gifts through the 21st Century Fund.

Profile Of The Month

 Felicia Whitman
Customer Service

My name is Felicia Whitman. After graduation from college with a degree in Psychology, I worked for St. Paul Insurance Co. in their personal lines department. In 1988 I came to work at Calabasas Tri County Insurance as a Customer Service Agent. Our main objective at the agency is superior customer service.

Outside of the office I am busy raising a teenage daughter; we are very active in Girl Scouts and school activities. I also organized and am president of a meet-up support group.

October Employee Bio

Hi, my name is Dave Kern. I have been an insurance broker with Calabasas Tri County Insurance since 1985. I graduated from California State University, Northridge in 1979 with a B.S. in Marketing and recently earned the CIC (Certified Insurance Counselor) designation in 2002.

I enjoy volunteering my time and expertise both within the industry and community: I served as president of the Independent Insurance Agents and Brokers Association of the San Fernando Valley in 2002, currently serve on the Neighborhood Council Program in Simi Valley, recently completed the CERT(Civilian Emergency Response Training-available in all communities) Program-which I would urge everyone to apply for. Away from the office, I love to go to the desert and ride ATV’s with my family.

October 2009 Issue

• Flood Insurance
• School Support
• Profile of the Month
• October Employee Bio

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Contact Us

23961 Craftsman Road – Unit L
Calabasas, CA 91302

Phone: (818) 223-8383
Fax (818) 223-8181
Toll Free: (866) 899-8383

About Us

Tri County Insurance offers Personal, Business and Worker’s  Compensation Insurance, specializing in the following areas: automobiles; homeowners’, renters’, and condo owners’; apartment buildings; office and industrial buildings; shopping centers; contractors; automotive service and body repairs; restaurants; property managers; entertainment packages; personal insurance for high-net-worth customers; and business managers and accountants. 

Please call for a no-obligation quote.

Toll Free: (866) 899-8383

www.tcinsurance.com