Flooding can happen to anyone at any time. However, if you are in a high-risk flood zone, it’s important that you take the necessary precautions in protecting your home and your family. Since your homeowners insurance doesn’t protect your home from flooding, you should heavily consider purchasing flood insurance.
What Does High-Risk Mean?
Obviously, floods can happen anywhere under the right conditions. However, there are certain places in the United States that are more at risk for floods than others. The government requires homeowners and business owners living in high-risk areas to purchase flood insurance while the mortgage is being paid off to protect the interests of lenders.
Do I Need Flood Insurance?
Mortgage companies require some homeowners to have flood insurance if they live in a high-risk area. However, changes in the environment, weather and increased development projects can negatively impact individuals who live in moderate-risk areas, resulting in the need for flood insurance.
Although you may not know it, individuals who own homes in fire-prone areas are also at risk of experiencing flooding. If you reside in an area that experiences forest fires, then you should consider purchasing flood insurance.
How to Get Coverage
Since your homeowners insurance doesn’t cover flooding, you will need to purchase an additional policy if you want flood protection. Fortunately, your insurance company that provides you with homeowners insurance can often provide you the added protection you need. By speaking with us, you can purchase an appropriate amount of coverage to increase the likelihood of your home being repaired at a minimal cost after a flood. Get the coverage you need.