How to Protect Your Property with Flood Insurance
Your home is one of the most expensive things you own. You need to protect it and yourself. It’s time to understand the basics of flood insurance before making a decision that could cost you thousands in premiums or repairs.
What is a Flood
A flood is “an overflow of water onto land that is normally dry.” A flood in one area can look different from another by covering just a few inches of land in water versus several feet. The build-up of water can be quick over a few minutes or gradual over many weeks.
Flooding may occur from heavy rain, snow melting quickly, ocean waves onshore, and more. There are five primary types of floods: - River Flood - Coastal Flood - Storm Surge - Inland Flood - Flash Flood
What Is Flood Insurance?
Flood insurance is a standalone insurance policy that covers damage caused by flooding. It covers building replacement costs and personal property losses. It is available to all homeowners regardless of location.
Where Can I Get Flood Insurance?
You have two options to purchase flood insurance. You can google, call, or check out: - Private insurance companies - National Flood Insurance Program (NFIP)
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