3 Questions You Need to Answer Before Purchasing Flood Insurance

If you live in Mt. Ephraim, NJ, you can get quotes for flood insurance from Marino Agency Inc. to protect your assets from damage by floods. Our agents will help you analyze the risks and determine the amount of flood insurance you need. It is wise to purchase flood insurance even if you do not live in high-risk areas.

Do You Need Flood Insurance

Why Do I Need Flood Insurance?

You need to understand the importance of flood insurance before you purchase it. That way, you will appreciate its importance. According to the federal government, a flood is the most common natural disaster. Flood insurance offers you protection from water damage and other damages that may be caused by floods. Floods can happen anywhere, and homeowners insurance does not offer protection for it. It is, therefore, a good idea to purchase flood insurance.

Doesn’t Federal Disaster Assistance Offer Compensation For Flood Damage?

The Federal Disaster Assistance can help pay for flood damage only if the event is declared a natural disaster. This does not happen very often. Almost all flood disasters are not declared natural disasters. This means that homeowners have to pay from their own pockets. If you have flood insurance, you will get compensation for the cost of your building structures and contents whether or not the event is a natural disaster.

Is Flood Insurance Necessary For Renters?

Even if you are renting a home, you may still need flood insurance to protect your personal property. It can help you pay for the costs of alternative accommodations if your rented property is being repaired.

Contact Marino Agency Inc. in Mt. Ephraim, NJ for your flood insurance quotes. Our agents are ready to answer your questions and help you get started on a policy.