Mission Statement

"Our mission is to create peace of mind and build enduring relationships."

Bob Lancaster Insurance's mission statement is the core of our culture. Our customers always come first, and we strive to provide them with the products and service that best respond to their needs. Building trust and fostering loyal, long-lasting relationships are the essence of who we are and fundamental parts of our company values.

Putting our mission statement to work

Our employees work hard to connect with our customers on a very real and personal level. Find out what Bob Lancaster’s mission means to them and how they carry it out every day.

Bob Lancaster Insurance, serving Florida's insurance needs since 1964. Contact us today at 321-725-1620 - see what we can do for YOU and YOUR BUSINESS!

Tuesday, June 23, 2015

A Newbie's Guide to Flood Insurance

“Here I am. Rock you like a Hurricane”

Hurricanes are great as long as they are kept in song lyrics or as team names. Unfortunately, they can cause unspeakable damage to homes, businesses and when “Raindrops Keep Falling on My Head”, floods can cause billions of dollars in losses. Of course, it’s not only hurricanes that cause flooding. Flooding occurs most commonly when “A Hard Rain’s A-Gonna Fall” and when natural watercourses do not have the capacity to convey excess water. If you’re new to flood insurnace, here are a few things you need to know:
  • Flooding happens in all 50 states
  • Just a few inches of water from a flood can cause thousands of dollars in damages
  • About a foot of water can move a car
  • Only 6 inches of water can knock a person off their feet
  • ‘Flash Floods’ often bring walls of water 10-20 feet high
Homeowners insurance does not cover damage from floods. Even if your home is NOT in a special flood hazard area (High Risk Zone), you can still suffer from the effects of flooding. Fun Fact: 25% of all flood claims come from low hazard flood zones. Homeowners who want flood protection have two basic choices: Standard or Preferred Risk Policies.

Standard Policies
The coverage that is available under a Standard National Flood Insurance Policy usually includes building and contents coverage. Replacement coverage is only available to select policies that must meet the following conditions:

1. Insured building must be a single family dwelling.
2. It is your principal residence, meaning you live in the structure a minimum of 80% of the year.
3. The building coverage is at 80% of replacement cost. Or at the maximum limit of 250k.
Preferred Risk Policies
Preferred Risk Flood Policies were created for homeowners and tenants in low to moderate flood hazard areas. To qualify for a Preferred Risk Flood Policy, you need to own a one-to-four family dwelling or non-residential property in a low to moderate flood hazard area that meets certain requirements.

So, when your neighbors are asking, “Who’ll Stop the Rain?” you’ll be the one “Singin’ in the Rain” knowing your home and its contents are covered!

                                 Contact us for all your Insurance needs! (321)725-1620

Bob Lancaster Insurance
Serving Florida since 1964

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