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Why Should I Purchase a Flood Insurance Policy?

People are faced with so many types of personal hardships it can sometimes be a little overwhelming. Protecting you and your family from financial losses or these hardships is important. Unfortunately, the worst hardships are the one that you might choose to ignore and are not expected. One of the biggest disasters a home owner or family can face may come from a flood. There are a few things that you can do to protect yourself and your family from the devastation of a flood.

Buying Flood Insurance – Is it Required?

flood insurance may be a requirement. Any community that participates in the National Flood Insurance Program (NFIP) is zoned into 4 primary categories which include ‘undetermined risk areas’, ‘high risk – coastal areas’, ‘high risk areas’ and ‘moderate to low risk areas’. Each category has zoning codes that identify that level of risk within that category. Anyone that lives within a high-risk zone in a ‘NFIP’ covered community must obtain flood insurance.

Homeowner’s Policy Does Not Cover Floods

Often many believe that since they have a homeowner’s policy that they are covered if there is a flood. This misconception has been quite costly for homeowners that are devastated by flooding only to find out that they do not have coverage. In the worst cases, families are left without homes, clothing and basic needs. In less damaging situations, families are forced to figure out how to pay for thousands of dollars in repair costs caused by flooding.

Peace Of Mind For Homeowners

The reason to buy flood insurance is the same reason to get any type of property coverage; the policy protects the owner’s investment in the property. Property owners have worked way too hard to lose everything in an instant. Purchasing a flood insurance policy gives you the peace of mind and security to know that you and your family will be okay if a disaster strikes. Contact an agent today to learn more about flood insurance and to get a quote.

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