FLOOD INSURANCE
Flood Insurance
Flood insurance means the specific insurance coverage against property loss as a result of flood. You should know that your home insurance doesn't cover damage caused by flood. Flood insurance is one of the best ways you can protect yourself from flood losses. A flood doesn't need to be 20/30 feet high wall of water, a few inches of water from a flood can easily cause tens of thousands of dollars in damage. In fact, in the U.S., flood-related losses cost people more than a billion dollars a year.
If you're a homeowner, the purchase of flood insurance is mandatory if the property is located in a high-risk flood area, and some lenders can still require it if you live in an area with a lower risk of flooding.
Here are a few facts about floods and flood insurance:
- Floods happen everywhere. Over the past 50 years, every state has experienced flooding one way or the other. They are ranked No. 1 natural disaster in U.S.
- Flood insurance is backed by the government. Most flood insurance is administered by the National Flood Insurance Program.
- Contents coverage can include possessions such as electronics, clothing, furniture and other valuables, subject to policy limits and exclusions.
- Flood insurance covers certain cleanup expenses. It also covers damages to your heating and cooling system and repair or replacement of flooring, according to the policy.
- You can purchase building and contents coverage through the National Flood Insurance Program.
- As part of the National Flood Insurance Program, we provide caring customer service and well-organized fast claims handling.
- You don't have to live in a high-risk flood zone to be affected by a flood. Floods and flash floods can occur anywhere, even in the desert. Just an inch of water can cause damage to your property.
Contact us today at (312) 600-7084 to speak with a flood insurance specialist, or browse our website for more information on the products we offer.
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