Three important reasons why you need flood insurance

Carrying flood insurance is crucial if you live in an area prone to flooding. There are plenty of great reasons to buy flood insurance if you are a homeowner in Mt. Ephraim, NJ. Fortunately, we can supply you with the flood insurance you need at Marino Agency Inc.

The following are three critical reasons why you need flood insurance. 

Flood damage is one of the most common types of home damage in the United States.

Flood damage costs United States property owners around $8 billion annually. Almost every county in the United States has experienced a flood within the last 25 years. This makes flooding a common and costly cause of damage that property owners need to protect themselves against. 

Flood damage can completely destroy a home or make the home uninhabitable.

Homeowners need to realize just how destructive a flood can be. A bad flood could destroy the structure of your home. This is especially true if damage from flooding is combined with damage caused by high winds in the event of a storm.

Flood damage can also render a home inhabitable if it leads to particularly severe water damage. 

Mortgage lenders sometimes require flood insurance.

In many cases, homeowners must buy flood insurance to meet the terms of their mortgage lender. Lenders will require flood coverage for a mortgage on a home in a flood zone. 

When you’re in the market for flood insurance, you can turn to us at Marina Agency Inc. for assistance. We provide flood insurance to homeowners who are located in Mt. Ephraim, NJ. Contact us so that you can research our policy options and get a quote on a flood insurance policy.