Changes in weather patterns are resulting in 100-year-floods becoming a frequent occurrence along with waterways having difficulty coping with the increased volume of water. We at AS insurance agency have seen what flooding can do to a property and can help you get insurance to protect your home from adverse water events. Here's a look at how flood insurance works in the U.S. and how we can help you get a flood insurance policy.
Homeowner's Insurance Doesn't Cover Flood Damage
It's safe to assume that your homeowner's insurance won't cover your home and your belongings in the event of a flood. The reason for the lack of coverage comes down to cost. Floods are expensive events and most private insurers can't charge enough in premiums to cover the damage done by a flood. There are a handful of private insurers that offer flood insurance as does the federal government in the form of the National Flood Insurance Program. It's a stand-alone policy that has no tie-in with homeowner's insurance but offers similar protections for the home and its contents after a flood.
Who Can Get Flood Insurance?
Those who live in a designated flood plain or zone are required to have flood insurance, but it's an option for those who don't. You may be required to get flood insurance by your mortgage company if you live in an area that's prone to flooding. Those who live near waterways, bodies of water large and small, or are at risk of flooding from melting snow or runoff from rainstorms are also able to get a policy.
Call Us Today to Learn More About Flood Insurance
Give us a call today at AS Insurance Agency in Manchester, NH to talk to one of our insurance agents about flood insurance. We can help you understand how the program works and the benefits of carrying a flood insurance policy to protect your home.
While our offices are in New Hampshire, Ohio, Pennsylvania, and Tennessee, we can serve clients in multiple other states as well.