Flood

fema flood insurance policy

A homeowners policy does not cover flood — for which you need a separate policy.

Tips You Can Use: Do you really need Flood Insurance?

According to the Federal Emergency Management Agency (FEMA), flooding causes more than $2 billion of property damage in the United States each year. If you are like many homeowners, however, you may be unaware that the standard homeowners insurance policy you buy does not cover flood losses. You may believe that you have a low risk to this peril but FEMA reports that approximately 25 percent of all flood claims occur in communities in which flooding is deemed to be a low to moderate risk. So do you really need a separate flood policy? The following tips and ideas may prove helpful in answering this question.

* Contact us to see if you live in a community that participates in the National Flood Insurance Program (NFIP), a prerequisite in order to qualify for flo... http://auto-insurance.ucoz.com/news/fema_flood_insurance_policy/2013-05-26-2573