Flood insurance can help you recover when a devastating flood occurs. If you live in a high-risk area, having flood insurance can be valuable and helpful in dark times.
The professionals at AS Insurance Agency, serving Manchester, NH, are here to help. We help our customers get the flood insurance they need to recover from a covered event. Knowing whether you’re required to get flood insurance when buying a home is important. Here’s what you need to know.
What Is Flood Insurance?
Flood insurance can pay to repair or replace your home and belongings when a flood occurs. Flood insurance is separate from home insurance; standard home insurance policies do not cover floods.
Are You Required To Get Flood Insurance When You Buy a Home?
If you are buying a home in an area that’s at risk of flooding, your mortgage lender may require flood insurance before the loan will fund. If you’re paying for your house in cash, you probably won’t be required to get flood insurance. However, flood insurance is still a good idea even if you aren’t required to have it.
The benefits of flood insurance include:
- Valuable help in recovering from a flood: Flood insurance helps defray the costs of recovery after a flood occurs.
- Peace of mind: Many homeowners can’t afford to replace their home and possessions after a flood. Having flood insurance provides peace of mind to people who want to know they can recover if a flood happens.
Need Flood Insurance? Call Us
If you need flood insurance, the professionals at AS Insurance Agency, serving Manchester, NH, can help. Call to speak with one of our insurance experts about flood insurance options.
