Rain, rain! What does your Insurance Cover?

The Wilmington NC area had nearly 10 inches of rain on Monday!!  That’s one of the wettest days we’ve had, second only to Hurricane Floyd, when it rained 13.38 inches in 1999.  Brunswick County declared a State of Emergency, schools worked off a delay Tuesday morning, motorists had trouble commuting- it was a mess!

But please know this is not typical for this area!  According to Meteorologist Colin Hackman of WECT, “To give the rainfall totals some perspective, five months of the year have record totals for the entire month less than the amount we received today.  For example, the April showers we always talk about…Well the record for the entire month of April is 8.21″ set back in 1961. We went over that amount before 5 pm, not in a month, but on the very wet day of September 27, 2010.”

For interesting statistics, see this detailed report from NOAA. National Weather Service Rainfall Data.And for interesting pictures, browse the photo gallery on the Star News website. There are some amazing shots that have been submitted!

With all of the rain we’re having, now is a good time to check your insurance. 68% of US homeowners are underinsured by an average of 18%, according to a survey by insurance-services firm MSB.  Trying to figure out the right amounts of insurance coverage can be a tricky process.  The fastest way to learn what’s covered is by reading the declarations page of your policy.  Listed below is a quick guide to typical insurance policies.

What’s covered under a typical homeowners policy:

  • Your home and any detached structures on the property.
  • Most furniture, appliances, electronics and tools.
  • Liability and medical expenses for injuries and property damage for which you are responsible, up to your policy limits.
  • Limited living expenses if you are forced to vacate your home because of a loss.

What may not be covered:

  • The replacement cost of your home and personal property, vs. its actual cash value
  • Jewelry, collectibles, firearms and other expensive items in excess of certain limits, typically $1,000 to $2,500
  • Business equipment, including computers used for work, in excess of certain limits, typically $2,500
  • Sewer or drain backups
  • Liability coverage for pools, trampolines and other high-risk items
  • Mold

What’s not covered:

  • Cracks or settling in the foundation
  • Neglect, wear and tear or intentional damage
  • Flood or earthquake damage
  • Coverage for either is available separately
  • Landslide or other earth movement
  • War or nuclear explosion
  • Pest damage
  • Pet damage

It’s important to make sure you call your insurance agent and know your coverage. This is article is for reference only!


Fall 2010 is Upon Us!

2010-9-Fall-Beach-and-leavesToday marks the beginning of fall. While the summer traffic has slowed down the area is still abuzz with activity. Fall is a beautiful time of year along the Cape Fear coast. The temperatures are mild, the beaches and roads are less crowded and outside activities are abundant. Whether you are a spectator or participant, there are many exciting events coming up over the next few weeks. With all this activity it’s easy to see why Wilmington & NC’s Cape Fear Coast ranks onRelocateAmerica.com’s Top 100 Recreation Cities list.

Be sure to mark your calendars for some of our favorites!

Sept 24-26 North Carolina Wine & Food Weekend, Bald Head Island
Sept 25: 32nd Annual YMCA Triathlon, Wrightsville Beach
Sept 25: Cape Fear Italian Festival at Cross Creek Commons Shopping Center, Leland
Sept 30: Annual U.S. Open King Mackerel Tournament, Southport
Oct 2-3: Riverfest 2010, Downtown Wilmington  
Oct 2: 5th Annual Back Door Kitchen Tour, Various Locations in Downtown Wilmington
Oct 9: 17th Annual Bark in the Park Canine Disc Championship, Wrightsville Beach
Oct 9-10: 17th Annual Seafood, Blues and Jazz Festival, Pleasure Island
Oct 9: John Tesh: Live in Concert! Thalian Hall, Downtown Wilmington
Oct 15: Wilmington Oktoberfest, Downtown Wilmington  
Oct 15: Airlie’s Oyster Roast,  Airlie Gardens, Wilmington
Oct 15-17: 4th Annual Pleasure Island Surf Fishing Challenge
Oct 16: Lighthouse International Beer Festival, Greenfield Lake Ampitheater, Wilmington
Oct 22- 24 & 29-31: 29th Annual Poplar Grove Halloween Festival, Wilmington
Oct 23: 2nd Annual Southeast SUP Championship, Wrightsville Beach
Oct 23: Sister Hazel & The Wilmington Symphony Orchestra, Kenan Auditorium UNCW
Oct 23:Historic Wilmington Foundation 2010 Gala 
Oct 26: Batty Battleship’s Halloween Bash, USS NORTH CAROLINA Battleship, Wilmington910.251.5797
Oct 27-28: Trick or Treat Under the Sea, NC Aquarium at Fort Fisher
Oct 30-31: Festival by the Sea with Arts and Crafts, Food Vendors, Music, Parade, and more. Holden Beach
Nov 6: NC Holiday Flotilla Run/Walk Loop, Wrightsville Beach
Nov 6: Maritime Classic Road Race, Bald Head Island 910.457.7381
Nov 10-14: 16th Annual Cucalorus Film Festival , Various locations in Wilmington
Nov 26:  Island of Lights Light Up Celebration at the Lake, Pleasure Island
Nov 27: 27th Annual NC Holiday Flotilla, Wrightsville Beach
Dec 3-18: Christmas By The Sea Festival,  Southport
Dec 3: Holiday Lighting of the Ship, USS NORTH CAROLINA Battleship, Wilmington


Pleasure Island News and Events

The World Famous Pleasure Island Seafood Blues & Jazz Festival will be held this year on October 9th and 10th at the Ft. Fisher Military Recreation Area in Kure Beach featuring the Legendary Blues Great Leon Russell!!! Tickets are on sale for $30.00 in advance for a 2-day pass, $30.00 for Saturday only and $15.00 for Sunday.  Children 12 and under FREE.

Ivey Hayes is the featured artist for the Seafood, Blues and Jazz Festival this year and has agreed to be the selected artist this year for our commemorative poster and t-shirts.  There will be a reception and an unveiling of his work at Michael’s Seafood Restaurant on September 19th from 2:00pm – 4:00pm. Complimentary International Award -winning Seafood Chowder and Cash Bar will be available.

Carolina Beach Farmer’s Market will continue every Saturday from 8:00am-1:00pm through October 9th.  The location is Carolina Beach Lake, so come down and listen to the music of Michal Oliver as you shop and walk around the lake.

Real Estate News – Last week Pleasure Island had 6 new listings, 11 under contract and 10 closed sales.

We are having great beach weather with highs in the upper 80’s and very little humidity.  It’s not too late to enjoy the beach this year.

For more information on Pleasure Island go to www.pleasureislandnc.org


Luxetrends: Luxury Portfolio Fine Property Collection

This month’s edition of Luxetrends is packed with beautiful lighting fixtures- A Vision for Interior Lighting!!

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Are you signed up to get the monthly enewsletter from Luxury Portfolio Fine Home Collection? If not, sign up here to recieve articles on real estate trends, home furnishings, design concepts, luxury destinations and more!

2010-9-Leading RE LogoLeading Real Estate Companies of the World is a premier network of top independent brokerage firms that coordinates relocations and shares referrals of potential buyers. This network includes 600 firms in 30 countries around the world. In 2009, the network of companies produced nearly $250 billion in home sales- $60 billion more than any other national brand.

Luxury Portfolio, the luxury arm of Leading Real Estate Companies of the World, reaches the affluent and showcases some of the world’s most remarkable properties. It is the largest global network of premier locally branded companies dominated by many of the world’s most powerful independent luxury brokerages.

Intracoastal Realty is a proud affiliate of Luxury Portfolio Collection and Leading Real Estate Companies of the World. This affiliation ensures that our clients of extraordinary homes receive local, national, and international exposure.

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“Scoop Off” to Raise Money for the American Heart Association

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Come out to Rita’s Italian Ice next Wednesday and let Jim Wallace scoop your Italian ice and frozen custard!

Intracoastal Realty’s very own Jim Wallace will be competing with Coldwell Banker’s Tim Milam to see who can raise the most funds for the American Heart Association by scooping Italian Ice. Rita’s will donate 25% of the proceeds from the Scoop Off to the American Heart Association Heart Walk.

Be sure to let your friends and family know to visit Rita’s at Lumina Commons, 1982 Eastwood Roadbetween 1 and 3 on Wednesday, September 15th!! If you haven’t been to Rita’s before- check out their menu of tasty treats to find your happiness!


Pleasure Island Events for Week of Labor Day

Pleasure Island is ending the season with a fabulous fireworks show tonight  on the Beach with Live Entertainment from 6:30pm-9:30pm.  Fireworks begin at 9pm.  It will be a spectacular finale, so don’t miss it.

Farmers Market & Art Show  at Carolina Beach Lake from 8am-1pm.  Enjoy many different varieties of specialty foods as you shop around while listening to music.  The Farmer’s Market is every Saturday through October 9th.

‘Up’ will be playing as the final free movie of the season at Carolina Beach Lake Sunday, Sept 5th.

The 17th Annual Seafood, Blues, and Jazz Festival will be held on October 9 &10 Sat and Sun.  Mark your calendars for this fun event.

Real Estate – Pleasure Island had 15 new listings last week, 11 under contract, and 8 closed sales.

Weather – We escaped the wrath of Earl. The weather is looking great this weekend; we have a high of 94 today and all of next week should be sunny with highs in the 80’s.  It is perfect beach weather; come and enjoy the sunshine and the ocean waves.

For more information go to www.pleasureislandnc.org