Flood Insurance Fundamentals

Understanding Your Need For Flood Protection

April showers may bring May flowers, but they can also bring rising waters where you do not want them. If a spring rainstorm brings too much rain and your area experiences flooding, would you have the insurance coverage you need to be protected against the rising waters? If the rains come down and water levels rise, will your policy rise to the challenge?

Contrary to popular belief, standard homeowners, renters, and condo insurance policies do not contain flood insurance coverage. Since flooding is the #1 disaster in the United States and has caused almost $24 billion in damage in the last 10 years, it is crucial that Americans understand that they need this type of coverage.

Even if you do not live on a flood plain, flood insurance is an important part of your insurance portfolio. About 25 percent of flood insurance claims come from moderate and low-risk areas, and since flooding will not just cause extensive (i.e. expensive) water damage to your home, it can also ruin a significant amount of your personal property.

This is all good information, you may be thinking, but I will just wait until there is a risk of flooding in my area before I purchase a flood policy. After all, meteorologists can warn us in advance if there will be major rainfall. The problem with that thinking is that flood insurance policies take 30 days to take effect, meaning you need to prepare at least a month in advance to get properly covered.

For the right flood insurance policy to complement your homeowners insurance, giving you full coverage, contact the Scavone Insurance Agency Center LLC. Located in White Plains, our expert team is here for all of your New York insurance needs. When the flood waters rise, make sure you are carrying a policy that will rise to the occasion; call us today!