When most people think of a flood, they might think of events like Hurricane Katrina, or Hurricane Sandy. These were huge devastating storms that caused billions of dollars in damage.
In reality, most floods are caused by far less catastrophic situations. In fact, it only takes a few inches of standing water to cause tens of thousands of dollars.
If you're looking for flood insurance in Schenectady, NY we've got you covered. Did you know that every single house in the entire country is in a FEMA flood zone? It's just that some flood zones are worse than others.
In most situations, you will have a 30 day waiting period when you buy flood insurance, so don't wait until it's too late!
Homeowners insurance does not cover flood damage
Regardless of whether you live in Schenectady or any other part of NY, flood insurance has to be purchased as a separate, stand-alone policy.
It is not covered by homeowners insurance.
Flood insurance policies also reimburses you for the work that you and other family members did to sandbag your homes, move furniture and remove debris.
If you live in certain flood zones, your mortgage company may require that you purchase a flood insurance policy.
If you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional.
How much could a flood actually cost you?
The costs can be substantial! Even after the flooding is over, remediating issues like water damage and mold can really add up.
Even if you are not required by your mortgage company to purchase flood insurance, you should consider it!
When Hurricane Irene hit in 2011, our offices were not immune to the extensive damage it caused to New York. Our Esperance office was flooded with about a foot of water and the stairs to the office were in a nearby cemetery (pictures and video below).