Flood Insurance

Protect Yourself from a Flood of Expenses

Did you know that floods are the #1 natural disaster in the United States?[1] It’s interesting to note that many number of flood insurance claims actually come from areas not even considered at high risk for flooding. While certain areas are more prone to flooding, this proves it can happen anywhere, at any time.

Despite what you might think, flood damage is not covered under most homeowners insurance policies, and the damage can be devastating. According to the National Flood Insurance Program (NFIP), one foot of water could cause $27,150 of damage to a 1,000-square-foot home, and the average flood insurance claim is more than $38,000. If you don’t have flood insurance protection, you will have to pay to replace or repair the property and the possessions you lost.

The Basement is Most Vulnerable

While flood damage can impact any part of your home, the basement is often the most vulnerable. Basement coverage can include clean-up expenses and repair or replacement of items such as furnaces, water heaters, washers, dryers, air conditioners, freezers, utility connections, pumps, and more.

Buying flood insurance is the best thing you could do to protect your home and your family’s financial security from a flood. Flood insurance policies in moderate-to-low-risk areas can be secured for a low monthly premium, and could save you significantly if your home should experience flood damage.

Ask your Butwin Insurance Professional if flood insurance protection makes sense in addition to your homeowners policy.

[1] FloodSmart.gov