Who needs Flood Insurance? You!
Many homeowners believe that because they do not live near the water they do not need flood insurance. After Hurricane Sandy, homeowners learned flood was not covered under their homeowners policy. Here are just a few facts about flood insurance you may not know:
- Your homeowners policy does not cover flood damage.
- In the past 5 years, all 50 states have experienced flood damage.
- A few inches of water from a flood can cause tens of thousands of dollars in damage.
- More than 80% of presidentially declared disasters have included flooding.
- About $300 is the average annual premium for flood insurance.
- Contents coverage is available separately, so both renters and homeowners can opt for up to $100,000 of Contents coverage with their Flood Insurance.
- There is a 30-day waiting period before Flood insurance coverage goes into effect.
Flooding causes more than $2 billion property damage each year; you cannot afford to think that it will never happen to you. It can happen, and often when it’s least expected. Flood insurance will help you and your home get back to normal as quickly as possible after a flood.
There is the potential for at least ten named hurricanes this season. Don’t get caught without the most important item on your hurricane preparedness list, flood insurance.
Call C.H. Edwards today and one of our friendly representatives will be happy to give you a quote on Flood Insurance with no obligation. It’s better to be safe than sorry! Look into Flood Insurance today to ensure that your home and belongings are protected.