Most flood claims I've taken in my 30-year career were from folks not in flood zones! Floods are caused by excess water, overflow, seeping, and rising ground-up water. This happens when it rains so much the water has nowhere to go.
Get a policy backed by the National Flood Insurance Program
NFIP -
The National Flood Insurance Program is managed by FEMA.
COVERAGE
Buy the maximum limits to ensure full coverage; otherwise, your pay out may be pro-rated if you are underinsured. Maximum limits are $250,000 on building and $100,000 on contents. These are the only two coverages listed and each has a deductible that would apply to each. Coverage in the basement is limits so be sure to speak to your agent about whats covered in your basement.
WAITING PERIOD
There is a 30 day waiting period so be sure to buy your coverage 30 days ahead of desired effective date. Unless your lender requires it, you'll have to wait 30 days for coverage. Dont want until you hear a storm is coming straight for you!
Get in touch with me today to receive a flood insurance quote.
