Flood Insurance Klamath Falls, OR

Protection for a Rainy Day: Flood Insurance in Klamath Falls, OR

Typically when we think of things like wildfires or snowstorms, we confine them to seasons. Not all natural disasters are season specific and events like massive rainstorms can occur with the right conditions any time of year. Keeping a flood insurance policy, even if you are not in a high-risk area may be a good idea.

The definition of a flood can be tricky as most people associate a flood with a large body of water overflowing wreaking havoc throughout an area, but floods come in many different shapes and sizes. In terms of flood insurance, any water that comes into your home from an outside source (not a burst pipe, sewer back-up, etc.) may be considered a flood. There are easy ways to find out if you are in a high-risk area for floods and what is covered under a flood insurance policy in Klamath Falls, Oregon.

The ins-and-outs of flood insurance in Oregon:

  • What is a flood: As previously stated, in terms of insurance, a flood is typically water from an outside source coming into your home or business that is not a result of a burst pipe, sewer back-up or other excluded events.  Localized flooding in your home can occur when outside drains become clogged with leaves or debris, when a water main breaks or a storm surge comes ashore from a tropical storm or hurricane. High-risk areas include those living at or below sea-level, those living within the flood plain of a river or those who live in areas that get monsoon-like storm conditions. These areas may be high-risk, but flooding can occur in any neighborhood.
  • Flood Insurance: Purchasing flood insurance can be done through your local independent insurance agency, but it is all federally insured by FEMA. Based on historical trends and flood maps, high-risk areas are determined as those that “have a 1 in 4 chance of flooding during a 30-year mortgage,” according to Floodsmart.gov. A flood insurance premium is based on several factors, like flood risk area, age of the home, number of floors and the amount of coverage you decide upon. The typical policy in a lower-risk can be as low as $129 per year and will go up from there depending on the risk. It should be noted that after purchasing a flood insurance policy, there is a 30-day waiting period, so if you are considering purchasing flood insurance, the sooner the process is started the better.
  • What is covered: Flood damage to a home is costly. Depending on the area of the home taking on water, the costs can be hundreds of thousands of dollars. Carpets may need to be replaced or cleaned, dry wall replaced, appliances, furniture and the list goes on. If the flood is severe enough the home may need to be assessed for structural or electrical damage.

If you think you may need flood insurance, talk to your licensed insurance agent in Klamath Falls, OR. Pacific Ridge Insurance in Klamath Falls, Oregon can guide you through purchasing a flood insurance policy and offers additional lines of insurance like home insurance and earthquake insurance. Their years of insurance experience can save you a bundle, and they live right in your area, so know first-hand what your insurance needs might be.  You can also visit their insurance website 24/7 to learn more about the other insurance products they offer.

 

Auto Insurance Klamath Falls, OR

Fact or Fiction: Five Auto Insurance Myths in Klamath Falls, OR

Let’s face it; auto insurance can be confusing, especially when it comes to insuring new vehicles. When trying to look up information surrounding auto insurance in Klamath Falls, OR, the internet can be full of myths and misinformation. If you are trying to disseminate fact from fiction the experts at Pacific Ridge Insurance can help. We have compiled some common insurance myths and facts; we like to think of it as our own insurance version of Mythbusters.

Five auto insurance myths in Oregon:

  • Color: Have you always wanted a red car, but never did because you thought it might drive up your auto insurance premium in Klamath Falls, OR? Not true. Insurance premiums factor in the make/model, age and power of the vehicle. Premiums are also based on the person being insured. The cost of the vehicle can also influence the price of the premium, as more expensive the car usually the more expensive it is to repair if it is damaged in an accident.
  • Mature Drivers: Heard that once you enter your ‘golden years’ your auto insurance premiums will increase? Not necessarily. Your local, independent insurance agent can assist you with senior discounts or get you resources for defensive driving courses which can also lead to a discount.
  • Optional Coverages: Basic auto insurance Klamath Falls, OR will cover theft or weather-related damage. Claims such as these are only covered under comprehensive coverage. Most car loans require that you carry both comprehensive and collision as these protect the vehicle fully. If your car is getting older and worth less than $1000, you may want to opt-out of these coverages, but you will want to talk this over with your agent before dropping these coverages completely.
  • Loaning your vehicle: Does your best friend need to borrow your car for the day or leaving your mom the car to pick up the kids from school? If they get in an accident, their insurance will cover it, right? Wrong. Typically insurance follows the vehicle, not the driver. However, that is not always the case. Rules and regulations for this specific instance vary by state, so you will need to clarify with your insurance agent before you loan out your vehicle. Additionally someone who has regular access to your vehicle, like a roommate or spouse, should be added to your auto insurance policy to prevent a messy claims process should they be involved in an accident while driving your vehicle.
  • Personal v. Business: Your vehicle is covered under your personal auto insurance policy whether you are using it for pleasure or business. Not entirely accurate. If you are using your vehicle often for business, purposes, a business auto policy may help protect your vehicle more thoroughly. If you are not self-employed but use your personal vehicle for work, make sure you covered by your employer’s commercial auto policy.

While these are the most common myths associated with auto insurance, others are out there.  Your licensed insurance agent in Klamath Falls, Oregon can assist you with any questions or concerns you may have about your auto insurance policy. The local, independent agents at Pacific Ridge Insurance can assist you with adding or amending an existing policy or setting you up with a new policy. Their years of insurance experience can save you a bundle. You can also visit their insurance website 24/7 to learn more about auto insurance or the other insurance products they offer like classic car or home insurance.

Wildfire Insurance Klamath Falls, OR

Don’t get burned: Wildfire Insurance and a comprehensive Homeowner’s Insurance policy

The heat of the summer is celebrated with sunglasses, board shorts and boating, and while it can be quite warm, the summer season is just downright pleasant in Klamath Falls, Oregon. But the summer heat does come at a cost. Summer is also fire season and each year millions of acres across the country are burned. It is not just forests or brush plains that are destroyed, homes and businesses that get in the fire’s path are consumed as well. According to the National Interagency Fire Center, wildfires burned more than 9.3 million acres around the country in 2012. The 2013 fire season has started off with destructive blazes in California, Colorado, Alaska and Arizona.

While many natural disasters like floods or earthquakes require a special insurance policy, Wildfire Insurance is generally covered under the comprehensive portion of a homeowner’s insurance policy. The price of the policy may be higher if you live in an area that is prone to yearly fires. Wildfires are both friend and foe, as they are needed to clear out overgrowth and dead trees. A charred forest allows for new growth trees and helps reduce the risk of another fire occurring in the exact same area during the summer months.

Oregon Wildfire facts:

  • The spark: Most wildfires start from lightning strikes. The dry foliage and hot winds provide the perfect setting for a fire to ignite. Wildfires can also start from simple mistakes like forgetting to completely douse a campfire or a spark from the backfire of a motorcycle or RV. Even if it is an accident, a person who is found negligent in starting a wildfire may be liable to pay restitution, which can be millions of dollars. Having a personal umbrella policy may help you pay some of those restitution costs.
  • Fighting fire with fire: Through a multi-tiered effort of local and federal agencies, firefighters try to starve a wildfire by creating a perimeter. Firefighters burn the wildfire’s food source, dry vegetation, it hopes that the wildfire will become more manageable, easier to put out with air drops of water. There is a risk however, burning a perimeter may result in another uncontrolled fire if the conditions are just right. But the same principle that firefighters use to try and control the growth of a wildfire could help prevent a significant wildfire insurance claim.
  • Prevention starts at home: Helping protect your home from wildfire damage starts in your yard. If you live in an area that is prone to wildfires, you will want to create a perimeter around your home that is free of debris and flammable materials. Keeping things like sheds and wood piles at least 30 feet away from your home helps reduce the chances of a fire jumping from one structure to the next. Remove a wildfires fuel source by pruning trees and removing dead or dying plants. There are also several websites that can show you how to fire proof your yard like Readyforwildfire.org and U.S. Fire Administration.

Take the time to learn about wildfire danger in your area and to prep your home against the threat of wildfires. Talk to your licensed insurance agent in Klamath Falls, OR to ensure that wildfire insurance is included in the comprehensive section for your homeowner’s insurance policy. Pacific Ridge Insurance in Klamath Falls, Oregon can guide you through your homeowner’s insurance policy and add additional coverages like flood insurance and earthquake insurance. Their years of insurance experience can save you a bundle, and they live right in your area, so know first-hand what your insurance needs might be.  You can also visit their insurance website 24/7 to learn more information.