Posted On: June 19, 2008, 6:20 am CDT

Posted By: Fla. Agent

Sorry to hear that many of your clients were flooded. Did you offer them a Preferred Risk Policy? Do you have signed rejections by your clients that you did?

30% of the flood losses occur in the low to moderate - 500 year - flood zones.

I received a call from a friend whose son was flooded. His agent told him at the time he purchased his HO coverage that flood insurance wasn't available because he didn't live in a "flood plain."

An ignorant comment by an ignorant agent -or should I say an ignorant order taker.

Don't know if you recall the flooding several years ago in Grand Forks, ND. The governor was on TV & radio telling everyone in December that with the heavy snow that winter, that there was going to be significant flooding in the spring, AND TO BUY FLOOD INSURANCE!

A FORMER Grand Forks agent told her clients that they don't need to buy the coverage, because the whole town would have to be flooded before it hits them....

Not offering flood coverage to every client and not having a signed rejection is one of the largest E&O claims hitting agents everywhere - not just along the coastal areas.

Good luck facing your clients.