Protect Your Home With Flood Insurance

​Flood insurance is a type of "catastrophic" insurance that will protect you against financial losses caused by flood events. It is available to homeowners, business owners, and renters throughout the nation, regardless of whether they are in a high-risk flood zone or not. To some homeowners, it's a requirement. But how do you go about securing a policy? Let's take a look.

The Misconception
Not all water damage such as broken pipes or toilets is considered "flood." Flooding is about an uncontrollable temporary overflow of water on ordinarily dry land brought on by natural disasters such as landslides, hurricanes, earthquakes, and many other triggering forces.

Why It's Recommended
Flood risks are unpredictable, and the majority of most homeowners' and renters' insurance policies do not cover flood damages. The first thing to do is evaluate your home's risk of flooding by entering your address into the federal emergency mapping tool. The map will show you whether or not your area is at high risk for flooding. 

Getting a Flood Insurance Policy
First, you need to make sure that your county participates in a flood insurance program policy. If your country participates, you'll need to contact your preferred insurance company to discuss the coverage, limits, and deductibles. 

If you're looking for additional private flood insurance, you'll need to shop around for other flood insurance policies. You can compare one personal approach to another. Most of the privacy policies usually include standalone policies (high coverage limits), excess policies (designed as an addition to the flood insurance program policy), and endorsements (low-coverage add-on).

Cost and Coverage
The cost varies by flood zone, the amount of coverage you purchased, and the various features of your home or building. Some of these features include the elevation of the building, the number of floors it has, and whether or not it has a basement.

Save Money on Flood Insurance
You can make structural changes to your property if you want to reduce the impact of high rates. While some people will go as far as relocating their homes, another option is elevating your home above the likely flood levels. Or you could consider private flood insurance. 

At Family Auto Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (313) 285-9042 or Click Here to request a free quote.