Make sure you list all of your parcels when updating your Terrafirma application! Anything left out of the category of legal interests (easement, land, trail) you insure might not be eligible for coverage of a later claim. And because Terrafirma requires that you insure all of your parcels within the categories you select, your claim could be jeopardized if the parcel is missing. Double-check and compare to your database!
Worried that you forgot something? Email firstname.lastname@example.org and we will help you update your application, even if you have already submitted (prior to February 2, 2016).
If you have questions about updating your application or anything else, please let us know. You can email us directly or call 202-800-2219 for Lorri, 202-800-2248 for myself or 802-262-6051 for Leslie.
P.S. It is not too late to secure a 2016 Risk Management discount! This can be done via webinar or our free and quick online course. To qualify, training must be completed every year by a member of senior leadership.
The holidays are a time of giving and sharing, but not all giving and sharing is good. Many conservation easements prohibit subdivision — so a generous landowner who decides to give the back lot to a relative may be violating the easement. And since Terrafirma insurance divides parcels by number of owners, the division would affect your coverage.
Just asking the landowner about subdivision sometimes isn’t enough. Here is a list of things to watch out for:
- Any new deeds or easements being prepared or recorded
- Shared ownership with multiple parties
- Wills that give the property to multiple heirs
- Wills that grant a life estate in part of the property
- Plans to give a house lot to a relative
- Bankruptcy, foreclosure or divorce proceedings
If you discover a subdivision, don’t hesitate to file a claim or placeholder claim. The situation may be simple to resolve but why take the risk? Filing a claim is easy!
We’re here to help! If you have any questions about property divisions or anything else, please let us know. You can email us directly or call 202-800-2219 for Lorri, 202-800-2248 for myself or 802-262-6051 for Leslie.