When it comes to flood insurance, the best time to think about it is before you need it. If you live in a flood zone that is either high-risk or low-risk, obtaining a flood insurance quotation is the first step in ensuring your safety.

I have renters/homeowners insurance. Is it possible that I’m already covered?

No. It’s crucial to remember that a normal homeowner’s or renter’s policy will not cover flood-related damages. Keep in mind that your flood insurance may have a waiting time before it kicks in. For example, National Flood Insurance Program (NFIP) flood insurance policies include a 30-day waiting period before they become effective.

Do I need flood insurance?

What you should know: 

  • In an average home, only one inch of water can inflict more than $25,000 in damage.
  • Flooding can strike at any time and in any location. Outside of a high-risk flood area, more than a quarter of flood insurance claims are filed.
  • In the United States, flooding is the most common and costly natural disaster.
  • If your home is flooded, you can apply for federal disaster relief, but it may not be enough to get you back on your feet. Only flood insurance covers the expense of flood damage, which is not covered by most homeowners policies.

How Can I Buy Flood Insurance?

If you need to get flood insurance, it is time to contact Panichelle Insurance today.

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