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Your Insurance Guy

By July 28, 2023No Comments

It’s been an interesting summer, blistering hot one day followed by what seems to be weeks of torrential downpours. The lake is at near record levels for this time of year (except maybe 1973). The dam is fully open and the Newfound River is raging with torrents of water cascading over rocks as if it were spring and the snow melt from the mountains was in full force.

August of 2023 may be remembered for the Shallows not being quite shallow enough to “Party at the Shallows” (Check out the Facebook page “I Partied at the Shallows”)

If you are a boater, August 2023 does not bring the usual risks of running aground in the channel between Cliff Island and the end of Wellington State Park or needing to avoid the barely submerged rocks at the end of Whittemore Point or the monster rock not far from Denton’s Boat House. But there are other challenges as many docks are underwater, boats are straining their mooring lines, rafts are breaking away and most boat and jet ski lifts need to be moved closer to shore.

The risks of damage this year are different too:

 If you are a boater:

The risks are from barely visible submerged logs, branches or parts of trees and other debris carried by the overflowing streams that are the tributaries to the lake.  Hitting a submerged log can put you out of commission for the rest of the summer and be a costly repair Finding out that damage to your lower unit is not covered by insurance (but could have been) only adds to the pain. Knowing ahead of time that your insurance will pay to repair the damage can put your mind at ease.

If you are a homeowner:

Are you at risk of a flood from an overflowing stream? Perhaps you have shorefront property and as the water rises the shoreline creeps ever closer to your house, you wonder, when will it stop and where will it stop? The risk is real. Asking now if your insurance will cover a flood may be too late.

In 1973 Timberloch Lodge flooded, sustaining minor damage to the tennis courts abutting Route 3A (no damage to any of the cottages or the main building fortunately) In that same season the brown house at the Southwest tip of Pike’s Point sustained damage due to the rise in level of the lake.

For everyone:

A review of your insurance needs, the unique risks you face and the coverages you need at the appropriate levels, should be part of your annual plan. We would be happy to walk you through exactly what you have and what you need to be properly protected. It doesn’t take long and it’s free. Get in touch with us today at 603-744-5000 or www.newfoundins.com

Finally, please support the “Run Your Bunns Off” Charity Race on September 2nd hosted by Garlyn and the Basic Ingredients staff. The event is sponsored by Basic Ingredients and many other local businesses. It’s a great event and they would welcome your support. All proceeds go to local non-profit organizations that benefit the local community.