"I Let My Policy Expire."

"I Let My Policy Expire."

May 22, 2015

A "Choose Your Own Ending" Story: Ending 2

It's a typical Thursday afternoon. Only about 2 more hours left in the work day. You have almost made it! Thunder rumbles in the distance…wait…maybe it wasn't that distant.

Then the rain comes. That's not a shocker: it's been raining all week. But then…you hear it. It's coming down in sheets. Flooding sheets.

But you remember that flood insurance policy you purchased after the last hurricane to protect you against just such a situation...

Then it occurs to you: that was bought back in 2008 after hurricane Gustav flooded your entire neighborhood. You remember paying for the policy all those years, but…did you pay the premium this year?

You call your agent.

"No, that policy expired in 2013."

Your heart skips a beat. And then it dawns on you: it seemed like a waste of money at the time. It had been a "slow" hurricane season. But, now that those sheets of rain are blinding your high rise view, it seems like it might have been a good idea to keep it.

So you ask your agent, "Can we put the policy back in force?"

Yes! They can!

But, did you know that there is a 30-day waiting period before coverage becomes effective?

The rain continues falling…sheet after torrential sheet…