It is Financial Planning Month! Did You Budget for Flood Insurance?
Planning, Check. Flood Insurance, Check.
If you didn’t already know, October is Financial Planning Month! In October, many are winding down 2023 and getting ready for what’s ahead for the next calendar year. So, now is the time to look ahead and plan.
Because the future is anything but predictable, it’s essential to factor in what the benefits of having proper flood coverage could mean for your clients.
As your clients start planning for October and beyond, now, more than ever, is the time to remind them why flood insurance is just as important an expense as any other.
Their dollar today protects them against tomorrow’s flood risk.
When providing the flood pricing 101 talk, make sure your clients know how flood insurance is priced, in case your clients ask the question, “How much will it cost me if my home floods?”
Make sure to touch upon all the key factors in a pricing quote.
Transparency is always the best policy. Your reply should always be clear, concise and highlight some of the important talking points such as:
- Knowing their flood zone
- Discussing coverage amounts
- Evaluating the building value including the year built, elevation and overall value
As an agent, it is your job to help clients protect against what tomorrow may bring; and by planning, they can do just that.
