Standard homeowners insurance does not cover flooding. We’re not talking about the kind of flooding that happens when a water pipe suddenly bursts inside a wall, we’re talking about naturally occurring waters rising to the point that it enters your home. It’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact us. Although it may not seem like much, even one inch of water can cause serious damage; resulting in thousands of dollars in repair and restoration costs.
Different types of policies are available based on your property’s location and flood history:
- Standard Flood Insurance Policies
If you live in a community that participates in the National Flood Insurance Program National Flood Insurance
your building and its contents can be covered by a standard flood insurance policy. The National Flood Insurance Program ”National Flood Insurance Program” was established by the Federal Government to help communities who “voluntarily participate in the ”National Flood Insurance Program” by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.
- Preferred Risk Flood Insurance Policies in CA
If your home or business is in a low or moderate risk zone, your building may qualify for a low-cost preferred risk policy. While you aren’t required to purchase flood insurance in low-to-moderate risk areas, a preferred risk policy will protect your home and its contents if you are affected by a small flood or a larger flood that has extended into your low-risk area. In truth, many flood insurance claims occur in low-to-moderate risk areas.
Contact the Schneiderman Insurance Agency to review your flood coverage options and receive a quote today.