march 2, 2008

Topic
Flood Insurance

Guest
Ron Williams, Executive Director, Arizona Insurance Information Association
www.azinsurance.org

WHO?  Executive Director, Arizona Insurance Information Association

WHAT?
The Arizona Insurance Information Association is a non-profit organization which independently researches issues and shares them with its member companies, the media, the public, legislative analysts, regulators, and anyone else who's interested in highway safety and property & casualty insurance-affordability issues.

The AIIA was chartered in 1986 as an independent, non-profit organization whose mission is to “help educate the public and media on insurance-related matters.”

The AIIA’s primary objective is to help all Arizonans achieve a better understanding of insurance and related safety issues. To attain this goal, the AIIA develops, gathers and disseminates information to assist consumers, journalists, regulators and public policymakers.

By providing accurate and timely research to Arizonans, the AIIA helps promote the availability and affordability of insurance in a financially sound, competitive marketplace.

The AIIA is funded by a number of insurance companies and organizations that share its belief that the best decisions are based on the best information.

WHERE?
Arizona Insurance Information Association    11801 N. Tatum Blvd. # 142     Phoenix, Arizona 85028
Phone: 602-996-7009    Fax: 602-996-7016     www.azinsurance.org

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The Insurance Term of the Week:
Federal Insurance Administration
The "Federal Insurance Administration", FIA, is the federal agency in charge of administering the "National Flood Insurance" program. It does not regulate the insurance industry.

Larry's Tip of the Week:
When filing an insurance claim for flooding on your premises, if possible, photograph the outside showing any damage or flooding. Also photograph the inside of the premises showing damaged property and the height of the water.

Call your insurance agent. Also, if your flood insurance is with a separate agent call your flood insurance agent to report your claim. Your flood insurance agent will prepare a notice of loss form and an adjuster will be assigned to assist you.

Separate your damaged property from the undamaged property and put it in the best possible order for the adjuster to examine it. protect your property from any further damage as is reasonably possible.

When the adjuster visits your premises let him know if you need an advance or partial payment of your loss. Having kept good records can assist your insurance company in giving you an advance payment. Have a home inventory and use your inventory to work with the adjuster in presenting your claim.

Having good records speeds up the claims process. So before a loss should ever occur go to our website, www.yourinsurancematters.net Click on our links tab and go to the, Arizona Insurance Information Association. From there download the free home inventory software program and make your inventory. It is simple and easy to use. It could save you time and substantial dollars should you ever need to file a claim.