Flood Insurance

Why do I need Flood Insurance?

Floods strike without warning and even preparation is not enough to mitigate damage. Floods are the leading natural cause of property damage. Having the proper Flood Insurance can safeguard you.

Homeowners with mortgaged property in a Special Flood Hazard Area (SFHA) are now required by federal law to obtain flood insurance. Lenders now, by law, require flood insurance on the outstanding mortgage balance for the duration of the loan.

Flood damage is extremely costly but, fortunately, flood insurance is fairly affordable. Paying a low premium is far more effective than paying the full cost of flood damage.

How long is the Flood Insurance application process? On occasions there is a 30 day waiting period for some flood insurance. As such, it is better to acquire flood insurance before one hits.