Where it Can Rain, It Can Flood

Every property is vulnerable to flooding. Flooding can happen anywhere, at any time. In fact, the National Flood Insurance Program reports that 40% of their claims came from outside high-risk flood areas between 2015-2019. That is why it is important to protect your home with flood insurance, even if you live in an area with low-to-moderate flooding risk.

The Cost of Flood Damage

Did you know that just one inch of water in an average-sized home can cause $25,000 worth of damage to your home? Over the past few years, flood insurance has become increasingly accessible and affordable with the increase of private flood options. An average flood policy can cost less than the price of your daily cup of coffee. 

Most Homeowners Insurance Policies Do Not Cover Flood Damage

Unfortunately, many property owners do not find out until it is too late that their policies do not cover flooding. Most types of federal disaster assistance require a Presidential Disaster Declaration and come in the form of low-interest disaster loans that must be repaid—with interest. Only flood insurance will protect your property and belongings after a flood event.

Plan Ahead for Flooding

There is usually a 30-day waiting period for your flood policy to go into effect. Your policy does not cover losses caused by a flood that occurred prior to the policy becoming effective. In addition, you cannot increase your insurance coverage once a flood has begun. Contact us today to learn more about your flood insurance options.