Flood insurance can be confusing, but the protection it offers is extremely important if you live in or near a flood zone.
Flood Insurance Basics
If you’ve had a flood or have been told that your home is at risk of flooding, your first step should be to apply for a policy from the NFIP. If you don’t own a home and are facing high rent prices, it might also be possible for you to get assistance from the program based on your income.
When you buy a policy from the National Flood Insurance Program (NFIP), it will protect both your home and any structures on your property from flooding damage. The NFIP is designed to provide affordable rates, based on where you live and if or how often you’ve filed flood insurance claims in the past.
Remember that flood insurance isn’t just important for homeowners. Renters may also need to buy this type of coverage depending on their lease agreement.
In most cases, after purchasing a plan you’re required to have flood insurance for 30 years from the date of purchase. If you stop paying premiums or neglect to renew your policy, FEMA will not be able to offer any further assistance if flooding damages your home.
More About Flood Insurance
Deciding on your flood insurance options can be harrowing, but you don’t have to go through it alone. Click below to receive a free quote and consultation, and let our team lend you a hand in making sure your home is properly protected against floods.
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