flood, flood insurance

Protected From Flood? Probably Not!

Homeowners Insurance: Uncovered

The National Flood Insurance Program has established a legal definition for a flood as follows: A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. 

Flooding occurs in EVERY state! Many people find out too late that they are at risk for flooding, and even worse that their property insurance doesn’t cover flood damage.

    • Your Homeowners policy DOES NOT cover flood loss to your home and contents.
    • In certain areas, the chance of a flood loss is 25% greater than a loss due to a fire during a 30-year mortgage.
    • Six out of every ten declared disasters involve flooding!
    • Homes in areas where there is new construction or where there have been other events,such as forest fires, may be in greater danger than in the past because of changes to the land around them.
    • 25% of all floods occur outside of a high-risk flood area.
    • Federally backed mortgages in certain areas require flood insurance policies for the life of the mortgage

Contact us today if you want to discuss this important coverage, especially if you live in an area that is prone to flooding! 610-933-4950.