FLOOD INSURANCE

Many Americans remain unaware that flood damage is not included in their homeowner's insurance policy. Some are even in denial about the significant flood risks they may face.

When considering whether or not you should purchase a flood insurance policy, take this into consideration:

• Floods are the nation’s #1 natural disaster.*
• Anyone can be financially vulnerable to floods. Even those outside of high-risk areas file over 20% of claims with the National Flood Insurance Program (NFIP) and receive one-third of disaster assistance for flooding.*
• In high-risk areas (SFHAs), conservative estimates suggest that only one-third to one-half of residents have flood insurance. These areas have a 26% chance of flooding over a 30-year period, compared to a 10% chance of experiencing a fire.*
• For several recent flood disasters, only 10 to 20% of the victims in SFHAs had flood insurance coverage. The remaining 80 to 90% had to rely on taxpayer-funded Federal disaster assistance, low-interest loans, tax write-offs, or their own savings to help them recover.*

*Information from floodsmart.gov

Flood insurance will protect you in two ways:

1. Building Coverage protects the insured property and its foundation, including the electrical system, plumbing, HVAC systems, appliances, permanently attached carpet, flooring, and other structural components of the building. This coverage is essential for ensuring that the physical structure of your home is repaired or rebuilt in the event of flood damage.
2. Contents Coverage protects the insured's belongings, including clothing, furniture, electronics, window treatments, portable appliances, rugs, and other personal items.

For more information about flood insurance, reach out to Interstate Insurance Services, Inc. and request to speak with a flood insurance specialist today.