No matter where you live, water causes severe damage.  With winter thaw, flooding is more than possible. However, flood insurance is not part of your standard homeowners insurance.  

Most homeowners insurance will  cover water damage from a burst pipe, but not heavy rain, rising rivers, or a natural disaster.

What do you do?  Buy Flood Insurance!

Here are a few important things to consider:

  • Find out if you are in a flood zone.
  • Mortgage and Banks may require you to get flood insurance, if you are in a flood zone.
  • Worried about flooding and not in a flood zone but near a high-risk area, you should buy flood insurance, which will be less costly than if you were in a flood zone.
  • More than 20% of all flood claims filed were by residents outside of those high-risk zones.

How much does it cost? The cost of a flood policy - $250,000 coverage on a house with a basement costs $386.

To understand your flood risk, give us a call at the agency to discuss what is right for your home or business.

Source: Bankrate