Flood Insurance Myths That Put Your Property At Risk
Don’t fall victim to flood insurance myths!
Face natural disasters with the right coverage. Mother nature can be ruthless and unpredictable. Should your property get in her way, you could be left with lots of damage. While you may not think you need flood insurance, you do. Be sure to check out these truths about flood insurance.
- I can only get coverage if I live in a high-risk zone.
You can get coverage no matter where you live. Even in low-risk areas, there’s a chance of flooding. Don’t take a chance with your coverage and be sure to get flood insurance.
- I can only get coverage if I own a home.
Flood insurance is for everyone! It not only helps to protect a structure, but also your belongings. Whether you own a home, rent a place, or own a business, you need flood insurance to keep your personal belongings safe.
- I don’t need coverage since I have homeowners insurance.
Contrary to popular belief, homeowners insurance is limited. In fact, you’re not covered for most natural disasters under your home insurance policy. Make sure to review your home insurance policy and adjust your insurance accordingly if you need additional coverage. The same goes for your business insurance as well. Make sure you have additional coverage for your commercial property too.
- I’m unable to get coverage since I’ve experienced flooding before.
Because you’ve experienced flooding before you’re actually encouraged to purchase flood insurance. Not only are you likely in a high-risk area that will likely flood again, but the National Flood Insurance Program requires you to purchase coverage.
- It’s too late to get coverage for this year.
It’s never too late to get coverage. You’re much better off having protection than not having protection. Be sure to sign up for a policy if you need it. Just keep in mind that it takes thirty days to take effect from the time you buy it.
Be sure to get flood insurance to protect your property from water damage. The professionals at Club Agency Insurance Brokerage can help you with all your insurance needs! Located in Garden City, New York, contact us for more information.