Keeping It Secure--Even When the Floods Come

Although no one expects a flood to occur, sometimes it happens. And unfortunately, it could happen at any time and any place. In fact, more than 50 percent of flood claims occur in areas considered to have a low flood exposure.

Even if your home is not in a flood plain, your home could suffer flood damage. Being protected with flood insurance is a way to avoid any issue when dealing with floods. Here are some basics you need to know to help you understand the importance of flood insurance.

Understanding Flood Insurance

The NFIP explains that each homeowner's flood insurance policy should cover up to $250,000 in structural damage in addition to covering up to $100,000 of the content loss in the flood. A business policy, on the other hand, would be up to $500,000 dollars of coverage in structural and content damage.

It is important to also have a clear understanding of what a flood actually means. In insurance policy, a flood is considered the temporary partial or complete immersion of at least two acres or properties. Floods are generally caused by the overflow of water, rapid accumulation of runoff, or mudflow.

Water damage, on the other hand, is just about everything else.

Protect Your Home

Even if your area is at low risk for flooding, insuring against the unexpected is a great way to make sure that your property and assets are protected. Protect your home today by investing in flood insurance!

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