Flood Insurance

This is protection for property damages occurring from flooding. As most homeowners policies do not cover damages from floods, an additional policy must be purchased. Contingent upon the area of the country, the coverage and limits, a property owner may be obligated to buy this protection. In low or moderate danger territories, the protection is discretionary, but recommended.

Flood insurance premiums are dependent upon the danger of a flood happening in the area the property is located. The danger is controlled by flood maps that are developed by FEMA. Coverage is also dependent upon the sort of structure being covered. Unlike homeowners protection, the coverage limits are normally $250,000.

Numerous things can result in flooding. Substantial, continuous rains and quick melting snow can result in flooding. Territories that encounter rapidly spreading development might additionally have draining issues that cause flooding. Since flooding can happen anyplace and at anytime, a good policy is crucial to many.

Imagine this: a family of four returns home from a fun excursion to discover their storm cellar covered in water. There had been overwhelming rain the previous week and a window in the storm cellar was left open just a crack. They contact their homeowners insurance to place a claim but are denied, as flooding is not included in their policy. They have to pay the thousands of dollars of clean up and damage repair out of their own pockets. It’s a hard lesson to learn.

Contrasted with this: an elderly couple endures a long chilly winter with record snowfall, only to encounter flooding in their yard that leaks into their first floor because of quick melting in the spring. They have flood insurance and file a claim to have their home returned to peak condition — saving themselves thousands of dollars.

These illustrations are lessons in what could happen with and without flood insurance coverage. Consult one of our insurance agents to determine your flood insurance needs today.