When Flood Insurance is Needed…Even If You Aren’t in a Flood Plain

As homeowners, we purchase policies that protect us should an unexpected event damage or destroy our homes.  However, we often do not consider purchasing flood insurance unless the mortgage lender requires it.  Homeowners policies do not cover damage related to a flood event.  To help citizens recover from floods, Congress created the National Flood Insurance Program (NFIP) in 1968.  For homes located in high-risk flood zones, carrying the additional flood insurance policy makes sense.  But what if your home is not in a high-risk area?  Is flood insurance still necessary?

In reality, every home is at some risk for a flood event.  Flooding damage can be financially devastating.  For instance, it has been calculated that one foot of water in a 1,000 square foot home will cause $27,150 damage on average.  Given the potential, homeowners in moderate and low-risk areas often reconsider purchasing flood insurance.  Flood insurance is also available for renters to cover the contents of their apartments and personal property.  

The team at Idaho Select Insurance works with homeowners throughout the Meridian, ID area.  They understand the needs of residents and can help you get the coverage you need.  They will be happy to review your current homeowner’s policy to ensure that you have the appropriate amount and types of coverage.  Also, they can help you understand the amount of flooding risk your property has.  They know the level of flood risk in the different Meridian ID areas, so they can help you identify your level of risk.  They will also provide information on coverage options that are available to you.  The team at Idaho Select Insurance are your partners.  Get the information you need and the coverage you deserve.  Call them today!