Flood

Although it may not seem like much, even a few inches of water can cause serious damage resulting in thousands of dollars in repair and restoration costs.

Although it may not seem as necessary as homeowners insurance, flood insurance is important if you want to keep your home safe and your possessions secure. While you may have homeowners insurance, it will not cover flooding. Flood insurance, on the other hand, specifically covers losses incurred by water rising from the ground level.

Different types of policies are available based on your property’s location and flood history. If you are unsure of the type of policy that best fits your situation, one of Carmouche Insurance’s local agents is available to walk you through the different types of policies and to help you pick the best fit:

Standard Flood Insurance Policies

If you live in a community that participates in the National Flood Insurance Program (NFIP), your building and its contents can be covered by a standard flood insurance policy. The NFIP was established by the Federal Government to help communities who “voluntarily participate in the NFIP 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

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.

Protect Your Home Against Floods

Talk to one of local agents today to keep your home protected from rising water.