Am I covered for FLOOD?
Most flood claims are on properties not in a high-risk flood zone.
Do you need FLOOD INSURANCE? If you live where it rains, YES! Yes, you do.
Flood is storm surge, seepage of water, outside water rising usually caused by heavy rain or storm surge. Flood is excluded on every home insurance policy, countrywide. If you want flood insurance coverage, you need to buy a separate policy. Its best to buy a policy backed by the National Flood Insurance Program.
Flood Insurance provides very limited coverage in the basement. It covers dwelling and contents with 2 separate deductibles on each. The maximum dwelling coverage you can buy in NY is $250,000 for dwelling and $100,000 for contents coverage.
Having an elevation certificate can be very helpful in getting a lower premium. You may have to hire a survey professional to get an elevation certificate. I can assist with selecting a surveyor.
Did you know there is a 30-day waiting period for coverage? Unless you qualify for an exception, there is a 30-day waiting period for coverage to begin from the day you pay for the policy. The policy has to be paid in full for the year and coverage begins 30 days after you pay. So, don't wait until the storm comes to call and get flood insurance coverage!
Contact my agency for a FLOOD INSURANCE quote today!
