Flooding happens all over the country and it happens a lot more frequently than you would imagine. In fact, it is not uncommon for a flood to occur in every single state throughout a year long period. This means, regardless of where you live, you are at risk of your home being flooded. Even if you are aware of this, you may not know some other details related to flood insurance and how not having it can disrupt your life in a major way. Uncover some of the lesser known facts about flood insurance below.
Flooding is extremely common
As we mentioned above, flooding can truly occur anywhere, anytime. According to the National Flood Insurance Program, the average claim for floods was approximately $30,000. On the other hand, a typical flood insurance policy will only cost you $700 per year.
Your homeowners insurance probably doesn’t cover flooding
Make sure you have gone through your insurance policy with a fine-tooth comb. Knowing what is and is not included in your coverage. Often people just assume that any damage that occurs to their home will be covered by their policy when this is not the case.
Flood insurance policies take some time to go into effect
Buying flood insurance preemptively is a must. Most policies take about 30 days until your coverage will begin. Do not give your home the opportunity to flood. Get it covered before you will need it.
Better Flood Insurance has your best interest in mind and wants you to be prepared for every possible scenario. Contact us today to learn more about our flood insurance.