Thursday, October 8, 2020 / by Anne Rose
After Hurricane Florence hit southeastern coastal North Carolina in 2018, KBT Realty agents spent the better part of the ensuing two years helping homeowners deal with the aftermath. Homeowners confronted storm-related flooding and navigated flood insurance issues. Our challenge was to formulate and execute a way to care for our clients' interests going forward.
Two years later, with the 2020 hurricane season almost behind us, Kirk Pugh, KBT Realty Group co-owner, reflects on the lessons learned from the Hurricane Florence disaster.
Why do is flood insurance coverage so misunderstood in the scheme of homeowners insurance options?
Kirk: I think many view insurance as a necessary evil and yet another box to check on the to-do list. In our coastal area, many homebuyers are uneducated on the distinctions between Basic Hazard, Wind and Hail, and Flood insurance.
Further, they do not understand common exclusions or necessary endorsements needed to make sure they are truly protected. A ...
Wednesday, May 29, 2019 / by Anne Rose
Kirk Pugh, Broker/Realtor, shares what he loves about the four bedroom, 2-1/2 bathroom home at 7376 Ruby Stone Court, in the Stoney Creek Plantation community, in Leland, North Carolina.
Which room do you love most?
This house is completely remediated and renovated from damage that occurred during Hurricane Florence. I love that "recovery" story - and I also love the Carolina room that opens onto the beautiful new deck. We value our indoor-outdoor spaces so that we can enjoy the great coastal Carolina climate.
What is unique about this property?
This house is truly "like new." There is all-new wiring, electrical and light fixtures, new stainless steel appliances, beautiful hard wood floors, new Trane HVAC with a ten year warranty, and a brand new roof.
What's not to miss?
The backyard is thoughtfully designed for outdoor living and entertaining. The deck that I noted above is huge, and check out the additional space on the detached deck, with a cool bu ...
Wednesday, October 3, 2018 / by Anne Rose
According to the Insurance Journal, only 35% of North Carolina homes in the area flooded by Hurricanes Florence and Michael were covered by national flood insurance. Millions of homes were damaged by flood waters in North and South Carolina; because homeowners policies do not assist with remediation or recovery of property lost in floods, hundreds, if not thousands, of families have lost everything.
“In the coming days, people whose houses have been damaged or destroyed by Hurricane Florence and Hurricane Michael - many of whom are under-insured or uninsured - will face the wrenching decision of paying for temporary housing or paying their mortgage,” says Broker/Realtor Kirk Pugh, President of KBT Realty Group. “Every day, I get questions from devastated homeowners looking for reliable, responsible information that will help them make the best decisions about preserving whatever equity they have left in their homes. Hundreds of people in our community are looki ...
Tuesday, October 2, 2018 / by Anne Rose
A couple weeks ago, Hurricane Florence ravaged Wilmington NC and the southeastern coastal region.
KW Cares provided hundreds of thousands of dollars in hurricane relief grants, hundreds and hundreds of dollars in gift cards for immediate financial assistance, thousands of volunteer hours, and a warehouse full of supplies for remediation, recovery, and sustaining our families while we put our beautiful city and beaches back together.
The KBT Realty Group community is deeply moved. After the hurricane, KW Cares reinforced an important lesson for our agents and associates: both receiving help and being able to give help contribute to the process of healing.
In the immediate aftermath of the storm, the impact that KW Cares made on Wilmington North Carolina was measured in dollars, manpower, and acts of caring:
$306,570 advance emergency grants for evacuation assistance and storm relief
4 semi-trailers carrying love and supplies for hurricane victims
130 grants made for ...
Friday, September 28, 2018 / by Anne Rose
Hindsight is 20/20. We've made it through Hurricane Florence. We are cleaning up, engaging professionals to strip our homes down to the studs, tarp our roofs, and remove our beautiful 200-year-old oak trees. We are processing the lessons we've learned about how we build and survive a disaster, and how to protect our investments.
The most important post-hurricane advice we can share is simple. Buy flood insurance.
What does flood insurance cover?
The best source of information is your insurance agent. Have a conversation that specifically addresses your coverage in a variety of scenarios. Flooding sound far-fetched? As we have seen in communities across the Wilmington North Carolina area, flooding can happen any where.
Standard homeowners insurance does not include coverage for flood water damage. Your homeowners policy might cover some rain damage, but waters from the ocean, river, reservoirs, or backed up storm drains are most likely not included.
The National Flood Ins ...