5 Things to Remember About Flood Insurance

Whether you live near the water or you don’t, the question ‘Do I need flood insurance?’ may have crossed your mind.  No matter where you live, having some protection in place in the event of flooding is a good idea.  There are some things about floods and flood insurance you may not know: 

• Every area regardless of its proximity to water is listed on a flood map.  While some areas are more prone to flooding than others, if you live in a community that participates in the National Flood Insurance Program (NFIP), you are eligible to purchase a flood insurance policy.
• Areas that are more prone to flooding may not necessarily be near a body of water.  Land topography and a number of other factors contribute to the risks of flooding. Flooding can occur due to the overflow of inland or tidal waters; a rapid accumulation or runoff of surface water from any source, or mudflow.  Homes and buildings close to large bodies of water or located in high hazard flood zones are usually reinforced or raised to protect them from flood damage.
• Flood insurance is available for both the structure and the contents of your home or business.  In order to have coverage for both, you will need to purchase both types of coverage.
• Flood damage can range from very minimal to catastrophic depending on what id located in the flood zone.  Prepare your home or business for floods by keeping important belongings out of the lowest part of your building.
• If standard flood insurance limits are insufficient to cover the value of your property, ask your agent about excess flood insurance.

To get a quote on a flood insurance policy for your home or business, please call to find out what rate is available for your area.  We will find the best policy for your home or business.

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