A Look Inside Flood Insurance

Did you know that flooding is the number one natural disaster in the United States? And that just a few inches of water in your home can cause tens of thousands of dollars in damages? 
Did you also know that your standard homeowners insurance policy does NOT cover damages caused by flooding?
It’s true, homeowners and renters insurance does not typically cover flood damage. And, unless you purchase a home in a high-risk flood plain, most mortgage lenders do not require flood insurance to obtain a loan.
But, just because your home is not in a high-risk flood plain does not mean it is safe from the dangers of flooding. In fact, more than 20% of all flood claims come from properties outside of high-risk flood zones. 
It’s for reasons like these that I suggest all homeowners talk to their insurance provider to get a clear understanding of what is covered and what is not covered in your home’s policy. For more information on the dangers of flooding and the importance of flood insurance, visit the National Flood Insurance Program’s website, FloodSmart.gov.

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