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There are floods in the news again seems incessant. Some blame global warming; others blame seasonal cycles and poor engineering. Whether a formally declared flood such as caused by hurricane Katrina, or a swamped basement because a sump pump could not keep up following a spring thunderstorm, most everyone experiences a surprise flood in one situation or another. There are multiple definitions of what constitutes a flood. Some floods are addressed easily by insurance; some are clearly excluded. Under the typical insurance policy the following clause exists: Water Exclusion Endorsement - We [the insurance company] will not pay for loss or damage caused directly or indirectly by any of the following: Water. This includes flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not; water that backs up or overflows from a sewer, drain or sump; or water under the ground surface pressing on, or flowing or seeping through: foundations, walls, floors or paved surfaces; basements; doors, windows or other openings. Members of the AGRM, who are insured through the endorsed insurance program through Great American Insurance Company with Merriam Insurance, enjoy an automatic $25,000* coverage benefit in these areas where other policies exclude coverage. (*Higher limits available at additional cost)
insurance: according to the Bible the human heart is capable of great evil (Jer. 17:9), the number of sexual harassment cases is increasing, and, there is no way to screen an
Brian H. Merriam, CPCU, ARM, AAI President, The Merriam Agency brian@merriaminsurance.com 877-MERRIAM (637-7426) ext.201