Flooding is one of the most common natural disasters in the United States, yet it’s not covered under standard home insurance. According to the Federal Emergency Management Agency (FEMA), recovering from just one inch of water inside your building can cost around $27,000. That’s just one inch!
Flood insurance is usually a separate policy designed to help protect your home and belongings if they are damaged in a flood. Not every single home is at a high risk for flood damage, but it’s important to know if your property is in an area that could likely experience flooding to determine if you need flood insurance.
At Dan Thompson Agency, we can properly evaluate your needs and help you decide if flood insurance is advisable. Flood insurance helps cover physical damage to your home and belongings from floods or related losses from rising water and can protect you from more severe types of water damage, like heavy rain, melting snow, and severe coastal storms.
You can only purchase flood insurance through an insurance agent or an insurer participating in the National Flood Insurance Program (NFIP). While you cannot buy it directly from NFIP, we can help you purchase a flood insurance policy from this program. Rates are set by the government and do not differ from company to company.
We will also make sure you’re clear about the coverage details, exclusions, and limitations of a flood insurance policy, as well as help you make the right choices for your situation. With Dan Thompson Agency, you never have to worry about any waterworks.