FLOOD INSURANCE
Below are the major myths about flood insurance and if you believe in them, then you might be taking an unnecessary risk.
The first is that flood insurance comes in handy only for those who’re living in designated flood zones. You don’t even need to live in a flood zone for you to experience a flood.
Over 20% of all flood claims emanate from properties in low-risk areas. Given this, we can categorically say that we all live in flood zone and rapid changes in weather patterns can significantly increase your chances of suffering from a flood.
The second fairy-tale is that homeowner’s insurance incorporates flood insurance. That’s usually not the rule, and you should always assume that you’re covered not only if your homeowner’s policy particularly says that your insurance also covers flood insurance.
The third belief is that government programs have fully covered up for flood insurance. There’s National Flood Insurance Program guarantees the accessibility of flood insurance in specifics, but then the program only covers up for a very minute proportion of American homes.
Floods are like low-likelihood but high-cost for most homeowners. If you’re hit by one, you could end up facing major reconstruction work, losing many or most of your possessions and be left displaced for some months while your property is made comfortable and habitable again. Usually, not having flood insurance is a risk and chance that you simply can’t afford to take.
Jayman Insurance will be glad to be your personal agency. Call us now or request a call back by selecting “Request a Quote” to get the Insurance Your Need; the Assurance You Deserve.