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Everyone is at risk of flooding. By choosing to purchase
flood insurance, you can't lose.
In fact, floods are often caused by storms, melting snow,
hurricanes, and water backup due to inadequate or overloaded
drainage systems, dam or levee failure. And most homeowners
insurance doesn't cover costly flood damage.
FLOOD INSURANCE: What and Why?
Flood insurance covers
losses to your property caused by flooding. From structural
and mechanical damage to flood debris cleanup and floor
surfaces (like tile and carpeting), your investment is
protected by a flood insurance policy, something that your
homeowners’ policy does not offer.
In addition, you can
purchase separate coverage that insures most of your
personal property and belongings up to a specified limit,
including:
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Clothing
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Furniture, housewares, bedding
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Decorative items, lamps and lighting fixtures
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Books, home electronics, computers
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Area rugs and draperies
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Clothes washers and dryers
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Air conditioners
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Food freezers and the food in them
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Portable microwave ovens
Having flood insurance
gives you many benefits. Not only is coverage there when you
need it, but it also:
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Compensates for all covered losses
·
Compensates for flood damages even if federal disaster aid
is unavailable
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Pays for your covered losses, unlike interest-bearing loans
through federal disaster assistance
·
Comes in low-cost policies for those who qualify
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Guarantees compensation for flood damages because the
Federal government backs NFIP flood insurance
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Helps you move on – if your property is damaged by flood,
your agent is there to help you handle your claim (note:
most claims are paid within 30 to 60 days)
The National Flood Insurance Program (NFIP) is your primary source for flood
insurance in the U.S. If your community participates in the
NFIP, you can purchase flood insurance from a licensed
private insurance company or independent property and
casualty insurance agent in your state.
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