• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
(979) 543-8884 | (844) 399-1212

How Can We Help You?

Home
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • Flood
    • Health
    • Homeowners
    • Life
    • Personal Umbrella Insurance
    • Renters
    • Watercraft & Boat
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Rod Insurance Group
    • Our Locations
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter



Have an insurance agent at your fingertips with the INSURANCE AGENT APP.

24/7 access to easily manage your insurance on your own time: ID Cards, Bill Pay, Claims Reporting, Change Request, etc...


Auto Insurance EMPLOYEE BENEFITS

Provide your company and your employees with the best benefits.

Read More
Homeowners Insurance HEALTH

Protect yourself for the road ahead with coverage that reflects what you need.

Read More
Business Insurance LIFE

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance COMMERCIAL

Browse a variety of insurance options in order to find the right one for you.

Read More
Health Insurance HOME & AUTO

Learn about different coverage options that fit your specific needs.

Read More
Home > Blog > April Showers Are Coming: Facts About Flood Insurance
FRIDAY, APRIL 14, 2017

April Showers Are Coming: Facts About Flood Insurance

In general, flood insurance is only available through the National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA). A few private insurers offer excess flood insurance.

According to FEMA, floods, including inland flooding, flash floods and seasonal storms, occur in every region of the United States and 90 percent of all natural disasters in the U.S. involve some type of flooding. Even if you do not live in a high-risk area, it is worth looking into flood insurance as more than 20 percent of all flood insurance claims are filed in low-to-moderate flood-risk areas.

Some Facts about Flood Insurance
  • Standard homeowners and renters insurance does not cover flood damage: Flood damage is excluded under standard homeowner’s policies, although it is covered under the comprehensive section of a standard auto insurance policy. Only a flood insurance policy, available to homeowners and renters through the federal government, will cover flood-related losses.
  • Flood insurance is easy to purchase: Federal flood insurance policies can be purchased directly from an insurance agent or a company representative, and are available to communities that participate in the National Flood Insurance Program. Nearly 100 insurance companies write and service NFIP policies. In order to find an agent or company servicing your area, visit FloodSmart.gov or call (888) 379-9531. Flood insurance is available on a replacement cost basis for the structure of the home and on an actual cash value basis for personal property.
  • Flood insurance is affordable: The annual premium for a residential NFIP policy starts at $112 per year, according to FEMA, and increases according to the level of flood risk and amount of coverage needed. The maximum coverage amount is $250,000 for the structure of the home and $100,000 for the contents of the home.
  • There is a 30-day waiting period before a flood insurance policy takes effect, so don’t wait until the last minute to purchase it. 
  • It is easy to assess your flood risk: More than 20,000 communities in all 50 U.S. states and territories voluntarily participate in the NFIP, encompassing nearly all properties in the nation’s high-risk flood zones. Enter your address in the FloodSmart Tool to determine your level of flood risk.
  • Excess flood insurance policies add an extra layer of coverage: A growing number of private insurers have begun offering excess flood policies, intended to provide water damage protection to homeowners over and above the coverage provided by the NFIP policies.
  • Without insurance, relief from floods primarily comes in the form of loans: If your community is declared a disaster area, no-interest or low-interest loans are usually made available by the federal government as part of the recovery effort. These loans are just that—loans—and must be paid back. Obtaining a flood insurance policy is the only way to protect yourself fully from the cost of flooding.

Read More: Source

Posted 5:32 PM

Tags: home, homeowner, insurance, flood, april, tips
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016

  • insurance(51)
  • tips(28)
  • home(19)
  • life(13)
  • auto(12)
  • homeowner(11)
  • safety(10)
  • car(7)
  • holiday(6)
  • house(6)
  • homeowners(5)
  • rates(4)
  • health(4)
  • family(4)
  • summer(3)
  • money(3)
  • claims(3)
  • business(3)
  • flood(3)
  • mistakes(3)
  • dog(2)
  • accident(2)
  • value(2)
  • halloween(2)
  • commercial(2)
  • save(2)
  • april(2)
  • long-term(2)
  • funny(2)
  • policy(2)
  • theft(2)
  • thanksgiving(2)
  • valentine(2)
  • claim(2)
  • inventory(1)
  • employee(1)
  • disability(1)
  • texas(1)
  • driver(1)
  • stability(1)
  • jewelry(1)
  • teen(1)
  • traffic(1)
  • super bowl(1)
  • pets(1)
  • company(1)
  • school(1)
  • automobile(1)
  • spouse(1)
  • student loans(1)

View Mobile Version
Facebook
Twitter
LinkedIn
RSS
logo, company name
logo
logo, company name
a close up of a logo
logo
logo, company name
 

Trusted Partners Of

a drawing of a faceCore Benefits
logo, company name
Home

Contact Us

  • Office Address
  • 601 E. Jackson
  • El Campo, TX 77437
  • _
  • O: 979-543-8884
  • T: 844-399-1212
  • F: 844-521-5698
  • Mailing Address
  • PO Box A
  • El Campo, TX 77437
© Copyright. All rights reserved.
Powered by Insurance Website Builder