In the U.S., floods occur more often than all other natural disasters except fires.
- Did you know floods can happen anywhere? YES
- Did you know that homeowners, renters and condominium policies do not cover flood losses? YES
Can You Risk Living Without Flood Insurance?
Whether you live in a house, apartment or condominium, your valuable possessions should be protected. Without coverage, the time and cost it takes to recover your belongings can make a bad situation even more difficult. Even if you qualify for Federal Disaster Assistance, which may be offered after floods occur, it may not be enough to recover all of your property. And, while disaster home loans may be an option, you also risk having to pay them back – with interest – for an average of 18.5 years.
Flood insurance is required for all federally insured loans in zones A, B and other 100 year flood zones. Flood insurance is not required by lenders in Preferred Zones.
Please do not hesitate to contact Insurance Associates for a quote, more specific details, or informative literature.
This is also a good time to check your homeowners insurance limits to be sure they reflect the replacement cost of your home and its contents. We are happy to review this with you – even if you are not already doing business with Insurance Associates. Give us a call today!