Archive for the ‘Flood Insurance’ Category

Flood insurance

imagesDamage from a flood is NOT covered on your home insurance policy!

Facts About Floods:

Floods and flash floods are the most common natural disaster, occurring in all fifty states.

One third of all flood insurance claims are generated outside areas considered flood-prone.

Just a couple inches of water can do thousands of dollars of damage to a home.

One in five adults were not sure whether flood damage was covered in their standard homeowners policy.

You do not have to live near water to suffer a flood loss.

Floods can be caused by many things such as heavy rain, melting snow, inadequate or overloaded drainage systems, dam or levee failure, hurricanes and more.

Every year, flooding causes more then $2 billion of property damage in the U.S.

Everyone lives in a flood zone

Your home has a 26% chance of flooding as opposed to the 9% chance of fire during the course of a typical 30 year mortgage.
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