Home » Buying Flood Insurance will help protect your home
Flood damage isnot covered by your homeowners insurance. Floods are the most common natural disaster in the U.S. Given the amount of snow the Northeast receives, the arrival of spring could bring some serious flooding in our area.
Most people know of the need for flood insurance in high-risk or coastal areas but, it is important to note that as much as 25 percent of all floods occur in low-and medium-risk flood zones. Mention “flood” and most of us envision whole towns under water or huge waves pounding seacoast homes. But, flooded basements and sewer backups can be just as damaging. The fact is, flooding can result from any period of heavy rain or snow melt, and it can happen in any part of the country.
The cost of purchasing flood insurance is likely to be far cheaper in the long run than the payments on a loan to repair the flood damage.
Flood insurance typically has a 30-day waiting period before coverage goes into effect. If you are concerned that your home may be at risk for flood damage, give our office a call today, before it’s too late!
To obtain information about your flood risk and steps you can take to lessen the impact of flooding, visit our web site at www.hdyoung.com.
The information in this article is meant as a guideline only. There is nothing in this article that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies’ policies contain slight differences, please refer to your specific policy. Call our office before making any judgements or decisions concerning your particular situation and coverage that may, or may not, apply.
At our insurance agency, we are dedicated to protecting our customers and their families with insurance services that promote safety, stability and peace of mind. We offer personalized guidance and expertise as independent advisors, utilizing our experience to create tailor-made solutions that best suit each client.