Have You Considered Flood Insurance Yet?
Did you know that floods are considered the most common natural disaster in the US? No state escapes the rain. Flood insurance is not a luxury; it’s a wise bet.
Why Flood Insurance is a Must-Have
When summer starts to come to an end, the rain shows up. Most people consider flood insurance to be optional, but the truth is that everyone should have that extra layer of protection, especially if they are located in an area of high flood risk. Unlike other natural disasters, floods can hit every state. It’s not uncommon for Colorado to get big seasonal storms from July to September, resulting in localized flooding across most of the state. Most home insurance policies don’t protect against losses caused by floods, so when disaster strikes, homeowners are left with huge repair costs. This is how flood insurance goes from being an option to being a necessity.
Here’s why the National Flood Insurance Program (NFIP) recommends flood insurance to everyone:
The situations that cause flooding—heavy rain, melting snow, severe coastal weather—can happen anywhere. In fact, one in five flood insurance claims comes from someone in a low—or medium-risk area.
More Protection Means More Peace of Mind
Homeowners insurance usually covers water damage when it comes from wind-driven rain or a hole in the roof, but they leave you completely unprotected in case of a flood due to a storm-swollen river or any other flooding conditions.
Flood insurance is designed to reimburse property owners for loss due to a flood or flood-related erosion. The good news is that it is administered by the National Flood Insurance Program, meaning that the prices are fixed. Want to find out more? Give us a call or stop by our Thornton, CO office. We’ll be happy to give you all the details.