Floods are the most common natural disaster in the United States.
The United States has experienced 258 weather and climate related disasters since 1980 causing overall damages/costs to reach or exceed $1 billion.
Investing in flood insurance will protect your home from unforeseen circumstances that could cost you an extensive amount.Get A Quote
What Causes Floods?
Flooding is the temporary overflow of water onto land that is typically dry. Floods can be caused by rain, snow, coastal storms, storm surges and overflows of dams.
Floods can escalate in a short period and come with no warning. As a result of extreme flooding, buildings may be damaged and transportation will likely be affected.
What Is Flood Insurance?
Flood insurance covers physical losses from floods and losses resulting from flood-related disasters. Flood insurance coverage for the structure of the home and contents inside the home will be included.
You can contact an agent at Gallant Risk & Insurance Services, Inc., to find out more about what flood insurance covers.
How Much Does Flood Insurance Cost?
The cost of flood insurance will vary depending on your property’s flood risk, what the policy covers and the amount of coverage purchased.
What Are the Benefits of Flood Insurance?
Like any natural disaster, it is difficult to predict the amount of damage it will cause. Flood insurance will protect you in the case of unfortunate disasters, and, oftentimes, the damage produced by flooding will cost you a fortune.
Some benefits of flood insurance include coverage for:
- Electrical and plumbing services
- Refrigerators, cooking stoves and built-in appliances
- Washers and dryers
- Clothing, furniture and electrical equipment
Although no one wants to imagine being caught in an extreme situation like this, it is important to be vigilant and take precautions now before it is too late.
Does Homeowners Insurance Cover Floods?
Homeowners insurance does not cover floods. Homeowners insurance covers damages to your property, stolen possessions and liability for injuries that happen inside your home. Separate policies like flood insurance will need to be purchased to protect you against flood damage.
Do I Live in a Flood Zone?
One way to prepare for potential floods, aside from purchasing flood insurance, is to check your surrounding areas to see if you live in a flood zone. You can expect to pay more for flood insurance if you live in a flood zone.
The Federal Emergency Management Agency (FEMA) Flood Map Service Center allows you to enter an address, place or coordinates to see an official flood map and access a range of other flood hazard products to understand your flood risk better.
Is Flood Insurance a Requirement?
Homes and businesses in high-risk flood areas with mortgages from federally regulated lenders are required to have flood insurance.
If you live in a moderate to low flood risk area, you may not be required to have flood insurance.
Want to Learn More?
If you want to request a quote for flood insurance, call our Corona office at (951) 368-0700 or fill out our online contact form.