Flood Insurance… if You See Water, it May be too Late
Posted by Lyons Insurance on
A Flood Insurance Update
We are moving into flood season. The next six to eight months are prime times when flooding occurs. If you live in a flood zone we recommend flood insurance, but did you know that even if you don’t live in a flood zone you may need flood insurance? According to Flood Smart, 20% of flood claims come from low-risk areas.
Remember your homeowner’s insurance excludes flood damage. Flood insurance does not cover trees, landscaping or fences.
Flood Insurance Questions
“Once a flood occurs I can get coverage”. Normally, there is a 30-day waiting period for coverage.
“I don’t live next to the water, so I do not need flood insurance”. You may live miles away from water and still have a flood risk. Anyone can buy flood insurance as long as your community participates in NFIP.
“You can’t buy flood insurance if your property was flooded before”. People are eligible to buy flood insurance after a flood, as long as the community participates in NFIP.
In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it’s already too late. You will not be insured if you buy a policy a few days before a flood.
Call our professional staff today for more information. Don’t wait until your knee is deep in water!
Our office includes a staff of highly trained professionals to assist you with your insurance needs. We represent a select group of financially sound, reputable insurance companies; therefore we are able to offer the best coverage at the most competitive price. We do not work for one insurance company, we work for you.
Our agency currently provides competitive auto/car insurance, home insurance, business insurance, and life/health insurance.