Understand Flood Insurance Before Catastrophe Strikes

Flooding is one of the most common natural disasters in the United States. Unfortunately, homeowners’ insurance policies do not include flood damage. But that doesn’t mean that you should stay without any protection against flooding. You need to purchase flood insurance to protect your assets.

If you’re buying a new home, first find out if the area is prone to flooding. The National Flood Insurance Program has more information on the most affected areas.

However, even if you don’t live in the most flood-prone areas there is a chance you may experience some loss due to flooding. In fact, about 20 percent of flood claims come from areas with the lowest risk of flooding.

That means you need to prepare in advance in case floods strike. You’ll need to get the best flooding and adequate coverage. If you need flooding insurance quotes in Mt. Ephraim NJ, Marino Agency Inc. is here to help you understand what you need to do before catastrophe strikes.

Facts About Flooding Insurance

Before you purchase flood insurance, the following are some things you should know.

  1. You need to secure a different coverage apart from your homeowners’ insurance. Only a particular flood insurance policy can safeguard your property against flood damage.
  2. In most cases, you need to buy flood insurance from an insurer under contract with FEMA since flood insurance is a preserve of the federal government.
  3. You need separate coverages for your structure and personal belongings. While the building is covered under replacement cost, personal items are only secured through cash value.
  4. Your car is not covered by flood insurance. You’ll need to get its protection under comprehensive auto insurance.

Buy Flood Insurance

Before you purchase a flood insurance policy, you need to understand what it covers exactly. Adequate protection means you live risk-free from dangers posed by floods.

Do you have any questions regarding flood insurance in Mt. Ephraim, NJ. Our Marino Agency Inc. professionals are ready to help you with answers. You can then make an informed decision about buying flood insurance.