We have seen it too many times, the devastation and destruction caused by rising water. Flood Insurance provides some protection from the financial ruin of a flood. Even a few inches of water can cause serious damage; rising water may result in thousands of dollars in repair and restoration costs. Homeowners insurance DOES NOT cover flood damage. Purchasing a flood insurance policy through Premiere Agency Network can help protect you.
Different types of policies are available based on your property’s location and flood history:
Standard Flood Insurance Policies
If you live in a community that participates in the National Flood Insurance Program (NFIP), your home or business building and its contents can be covered by a standard flood insurance policy. The NFIP was established by the Federal Government to help communities who “voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.
Preferred Risk Flood Insurance Policies
If your home or business is in a low or moderate risk zone, your building may qualify for a low-cost preferred risk policy. While you aren’t required to purchase flood insurance in low-to-moderate risk areas, a preferred risk policy will protect your home and its contents if you are affected by a small flood or a larger flood that has extended into your low-risk area. It is important to realize that flooding does occur in low-to-moderate risk areas.
Don’t wait until it’s too late. Contacting Premiere Agency Network today can get you on the path to flood protection.