Homeowner’s insurance policies do not cover flooding or rising water losses.
Everyone lives in a flood zone – it’s just a question of whether you live in a low, moderate or high risk area. The probability of a flood loss occurring in each zone depends on many factors including historical flood data but more importantly recent development and urban growth, changes in topography and changes in weather patterns/conditions. Furthermore current flood maps are sometimes older and may not take these more recent changes into consideration.
Obviously property owners in moderate to high risk flood zones should seriously consider flood protection. Surprisingly, low risk flood zones such as X, B and C should not be ignored as the National Flood Insurance Program/FEMA reports that more than 25% of all flood claims have been in these low risk flood zones. Flood insurance is the best way to protect your investments from flood losses.
Call us today for more information about flood insurance.