Flood Insurance: Do I Need It?

Tracianne Leggio - 2014-05-01

Flood insurance is a very important coverage to have when you live close to a body of water that has the potential to flow into your home. What a lot of people don't realize is that an overflowing body of water isn't the only way a home can flood. Flood damage can result from an sudden inundation of rising water flowing into your building.

So how can this sudden flow of water occur, if not from a body of water? Heavy rains, snow melt, even your neighbor's collapsed pool can cause a sudden deluge of water to enter your home. None of these claims would be covered under your homeowners' insurance. To have coverage for the damage caused by these types of claims, you would need flood insurance. Taking a look at the rain we've had in the past couple of days, many people have had water enter into their home and cause damage to their home or belongings. The good news is you can buy flood insurance to cover any future claims. Even better news is, if you live in a low risk flood zone, you can buy coverage for much less than you might think.

Statistics show that 25% of all flood claims occur in buildings that are in low risk areas, otherwise known as an "X" zone. The flood program is a federally funded and regulated program; we here at Executive Insurance and Financial Services have the expertise to help you navigate the muddy waters of flood insurance. Call us today for your no obligation quote and information on how the flood policy works to give you comprehensive coverage on your home and belongings.

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