Flood-Related Losses Covered By Insurance Agency Near Me
Floods are the number one natural disaster in the United States of America and may arrive with an advance warning or without it. If you’re living in a high-risk flood zone area, you need to be extra cautious. Just an inch of water can ruin your everything, even in the desert. In fact, in the U.S., the cost of flood damage hits more than a billion dollars a year. So to protect homeowners the concept of flood insurance policies emerges that covers physical damage to your property and belongings due to rising water in Florida high-risk areas.
National Flood Insurance Program: The federal government runs the NFIP, which can issue flood insurance policies to homeowners.
The official definition used by the NFIP is “A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from:
As long as you can afford your own home, and have no mortgage on it, no one (lender) can force you to buy any type of insurance policy including flood coverage. But if you plan to live without insurance you need to understand the financial consequences of not having flood policy in the states of Florida.
Talk to our professional agents for more information on flood coverage in Florida. You can call (754) 300 7352 anytime you feel free to talk or visit our website www.insurefloridians.com for a live chat.