After Hurricane Ida, local residents now have a better idea of how Noah must have felt. Upwards of eight inches or rain fell in about four hours. That created quite a mess with street, home, and yard flooding. What makes this situation even worse is that most of the people involved did not have flood insurance.
Typically, people think of a flood as the overflow of a creek, river, bay, or ocean. By the insurance definition, it can also include the accumulation of water that affects you and an adjacent property. 30% of all flood losses fall outside what is normally considered a flood zone.
Home and Business property insurance policies all exclude any surface water so if you want coverage, you need to buy a flood insurance policy. Even if you do not live along a creek, river, bay, or ocean, you can buy coverage that would help to pay to repair damage from the unexpected.
In the past, you were only able to secure flood insurance from the National Flood Insurance Program, NFIP. Now, private insurance companies are selling coverage directly to customers. One site we found to be helpful is an insurance agency called Private Market Flood. Interested in getting an estimate on the cost of coverage? Check this out for yourself. Questions about coverage? Call your insurance professional. Don’t have an insurance professional? Call us at 610-933-4950