Does your homeowners insurance cover flooding? If you don’t know for sure, then it probably doesn’t.
Why Flood Insurance is a Good Idea
Many homeowners consider flood insurance a discretionary item that only affects those who live in high risk areas, probably because most people tend to associate floods with rare natural disasters like hurricanes and earthquakes. Flooding is much more common than you think, however, which means that many Americans only think about buying flood insurance when it’s too late.
The Federal Emergency Management Agency (FEMA) reports that a major flooding event happens in the United States about once every two years, while a lesser event occurs about twice a year. In addition to these incidents, minor floods happen even more frequently. FEMA also found that 25 percent of flood claims come from areas where less than 1 percent of the current flood zone is located.
The cost of repairing your home and replacing its contents after a flood could easily reach $100,000 or more. The national average for flood insurance is just $600 per year, so while it smells like extra insurance that you don’t need, isn’t it better to be safe than sorry?
Setting Up a Flood Policy
Our team can help you set up a comprehensive flood coverage policy quickly and efficiently, protecting your home and your possessions from water damage. We can also make sure your rates are as low as possible, and help you find out if you qualify for federal assistance. To get started, click the button below.
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