Personal Insurance
What should you consider when purchasing flood insurance?
Anywhere it can rain, it can flood. That’s why it’s important to take steps before, during, and after a flood to mitigate losses.
NFIP flood insurance policy covers direct physical losses caused by a flood.
What is a flood?
A flood is a general and temporary condition of partial or complete inundation of two or more acres or two or more properties of normally dry land area from:
- Overflow of inland or tidal waters
- Unusual and rapid accumulation or runoff of surface waters from any source; or mud flow
What if I do not live in a flood zone or high risk flood area?
Over 20% of all flood insurance claims are from outside of a “high risk” flood area (https://www.floodsmart.gov/flood-insurance/why). If you are not in a “high risk” flood zone, then you may be eligible for lower-cost preferred rating.
Who can purchase a flood insurance policy?
Anyone who lives in a flood zone or a participating community can purchase a flood policy. Click on the link for more information. https://www.fema.gov/flood-insurance
Our team understands that “one size fits all” is not an insurance option; we’d be more than happy to chat about your individual insurance needs.