How To Get Flood Insurance

Did you know that floods are the most common form of a natural disaster? Floods cause over 4 billion dollars in damages every year. Here is another amazing fact; the average homeowner has a 1 in 4 chance of having flood damage during the timeframe of a 30-year mortgage.

If your home is in a flood zone, you must buy flood insurance if you want the government to help you after a flood. If you wait until after the flood, you won’t be able to obtain the insurance.

Many mortgage companies are now requiring flood insurance as part of their loan package. A standard homeowner’s and renter’s insurance policy does not cover flood damage. Flood damage is excluded under standard homeowner’s policies

Flood Insurance

Flood insurance is one of the smartest decisions you can make for your home, family, and financial security. Even if you live outside a flood hazard area, your home, family, and belongings could still be at risk.

Flood insurance is available through the National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA). A few private insurers offer excess flood insurance. In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it’s already too late. You will not be insured if you buy a policy a few days before a flood.

What Flood Insurance Does Not Cover

As with all insurance, there are certain things flood insurance does not cover. These include broken pipes, water damaged from sewer back-up, broken toilets, and landscaping runoff.

How To obtain Flood Insurance?

Call our office, and we can provide you with a free quote. Remember, your homeowner’s policy does not cover flood.