Flood Insurance
- Thinking about buying Flood Insurance?
- Is your home or business at risk of flooding?
- Do you know how to obtain low-cost flood insurance?
- So what do you do?
Would you like to learn more about protecting your property and possessions from flood damage?
Protection for your home, possessions and commercial property You can start by asking questions like:
- Do I really need flood insurance?
- How much does it cost?
- What exactly does it cover?
Get The Facts When it comes to floods, what you don't know CAN hurt you. Your standard Homeowners policy does not cover flood damage. Surprised?
1. Only a flood insurance policy covers damages to your home or commercial property from floods. Contents coverage is available, but optional.
2. 90% of all Presidentially-declared disasters are flood related.
3. Flood coverage is available for home, condo and business owners, as well as for renters.
4. The average flood policy costs just over $320 a year - less than $1 a day! That's less expensive than interest on Federal disaster loans.
5. Federal assistance is only available in a Presidentially-declared national disaster. Less than 50% of all floods qualify.
6. The average federal grant for flood damage is around $2,500. How much of your property would that replace? If you receive a Federal disaster loan, it must be repaid, with interest!
7. Most new flood policies have a 30-day waiting period, so don't wait until the last minute. Plan ahead!