Floods are the number one natural disaster in the United States and the importance of flood insurance can never be overstated. Over the past ten years, the National Flood Insurance Program has paid billions of dollars in claims. Everyone lives in a flood zone and the difference between zones is relative to risk. Several factors can determine if you are at high risk or low risk such as your location, your proximity to the coastline, the typography of the land, etc. Your homeowner’s policy does not cover flood damage.
Many people believe they will be eligible for disaster insurance when a disaster hits however, disaster assistance is a loan that is to be paid back monthly with interest. It does not replace the need for a flood insurance policy. Thus, it is imperative to think ahead and insure what could be a potentially devastating loss. Please note that a flood insurance policy has a waiting period of 30 days until it becomes effective.
At Greystone Insurance Associates, we care about you and your family and we want to make sure you are protected in the event of a flooding disaster. If you would like to learn more about flood insurance or add flood to your policy portfolio, please contact Greystone to speak directly with an agent.