Flood Insurance. Are You Sure You’re Covered?
You may think you have flood insurance coverage, but, if you haven’t specifically bought it, you don’t, because it’s not a regular part of your property insurance. And don’t think that you’re safe just because you don’t live in a designated FEMA flood zone. Did you know that 20-25% of flood claims occur in medium or low risk flood areas? It’s a fact!
Steps to Take to Make Sure You Have Flood Insurance
Your realtor may also know if you are in a flood zone. When you commission an appraisal, it should show up on the report. Sometimes, it will appear if you get a survey of your land.
If you’re considering the purchase of a property, you’ll want to do your homework and find out whether the site of your new dream home is situated in a flood plain. If you already own a home and have a mortgage, it’s a good idea to keep an eye on the flood maps and be aware of whether your home is in danger of being re-zoned as a flood-prone area.
Snyder Insurance Has Your Back!
Just because flood insurance isn’t covered in your homeowner’s policy doesn’t mean that you’re out of options! Your Snyder Insurance agent can talk you through the steps you need to take to purchase a flood insurance policy. Call us at (630) 960-4848 or drop us a line today!