Why Everyone Should Have Flood Insurance

After the last few years the United States has facedit can be expensive. If your house is located in a low
some major storms. While everyone saw therisk zone the cost is very affordable and well worth it.
damages from hurricane Katrina, not as many seeFlood insurance is provided by the Federal Emergency
what happens in other states as these storms moveManagement Agency and sold through local insurance
north. To make matters worse, with the increasedagents.
construction of new houses in the last ten yearsIf you are considering taking out flood insurance you
surface water has less room to run. Just a few inchesneed to know that there is a 30 day waiting period for
of water can cause tens or hundreds of thousands ofnew policies. That means that from the day you start
dollars worth of damage.the policy there is 30 days before the coverage starts.
An important thing to know about your homeownersThis is to keep people from taking a policy when they
insurance policy is that it will not cover flooding.see a storm coming on the weather channel. This is
Flooding, also known as surface water can comeone more reason why it is so important to start your
from a storm or local body of water. Over onepolicy now. For more information on flood insurance or
quarter of all flood claims occur in low risk areas. Ifto get a quote, call the National Flood agency: (610)
your house is in a high risk zone the mortgage532-2800.
company can require you to carry flood insurance and