Don't Wait Until It's Too Late to Buy Flood Insurance

As a homeowner, it's essential to know that your homeowner's insurance policy does not cover flood losses. Floodwaters can cause significant damage to your home, your sense of security, and your financial future. So, how can you ensure that your most important investment is protected in case of flooding?

Option 1: You could hope to receive federal disaster relief if a flood hits. However, it's important to know that federal disaster assistance is only available if the President formally declares a disaster. Even if you get disaster assistance, it's often a loan you have to repay, with interest, in addition to your mortgage loan that you still owe on the damaged property. And if your home floods and disaster assistance isn't offered, you'll have to shoulder the massive damage costs alone. In short, federal disaster assistance is not the answer if you're looking for secure protection from financial loss due to flood damage.

Option 2: The best way to stay protected no matter what is to buy flood insurance. Flood insurance policyholders are reimbursed for all their covered losses, even if a disaster is not federally declared. And unlike federal aid, it never has to be repaid. Please remember that a policy takes effect 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it's already too late. You will not be insured if you buy a policy a few days before a flood.

Don't leave the protection of your home and financial future to chance. Take action today and purchase flood insurance to stay protected no matter what. Call our office to talk to an insurance agent today.

For More Information:

The National Flood Insurance Program (floodsmart.gov)

FEMA.gov

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