North Andover Mills Businesses Damaged by Flood
Locally, we experienced intense weather on Tuesday. It made the news 👇, because many North Andover Mills businesses were severely damaged. This post gives an update. With links to GoFundMe’s to help affected businesses. Plus, advice on flood insurance. And how to prepare for weather-related disasters.
The Village Studio Gifts & More
North Andover’s The Village Studio Gifts & More Facebook page has been a great source of info on the North Andover Mills Flood. Fortunately, the gift shop was able to open today. And North Andover resident & co-owner Sally Finnimore, who appears in the news video above, welcomes visitors. Because she would love ❤️ to see some friendly, familiar faces.
Sign of Support at The Village Studio Gifts & More!
Flood Insurance Intel
One important thing to be aware of is that flood damage is typcially not covered under a standard homeowners or business policy. And there is often a waiting period before flood coverage can go into effect. The best time to have a conversation about flood insurance coverage is long before a storm hits. So that you aren’t caught off guard if you are suddenly facing flash flooding.
Ann Calvin, Team Lead at North Andover’s MTMBrainerd, Inc.
Home Buyer Considerations
Linda Lecomte, REALTOR® with Coldwell Banker Realty Andover educates home buyers on flood insurance. Telling them that mortgage lenders typically require flood insurance for properties in federally designated, high-risk flood zones or floodplains. So, if you are paying cash, it is not a requirement. And she recommends home buyers consider any amenities to enjoy by living near water. Like a water view or ocean dock. Because the money homeowners do not spend on flood insurance can equal an extra mortage payment each year.
For example, she had first-time home buyers considering a property near the Shawsheen River. And it required almost $2,500 a year for flood insurance. Her buyers decided to pass on the property, because they didn’t see any value in living near the river. And, like Ann said above☝️, flood insurance is typically separate from home insurance. So, these home buyers would have been paying both every year.
Flood Insurance When Buying a Home
Prepare for the Worst
Andover resident and Professional Organizer Nancy Patsios has good advice on how to prepare for weather-related disasters. Her 4-Week Plan to Prepare for the Worst was originally published on this site in 2021. And it is particularly relevant today after the North Andover Mills flood.
North Andover Mills Flood GoFundMe’s
Several GoFundMe’s have been set up to help businesses affected by the North Andover Mills Flood. Below are three. Click on the image to access the GoFundMe established for that business.
Jaime’s Restaurant GoFundMe
Good Day Cafe GoFundMe
Vamp Lash & Beauty Bar GoFundMe