Leigh Insurance Agency of St Augustine Blog
Though it is not required, getting flood insurance should be one of your considerations. While your mortgage lenders automatically demand you to get one if your home is in a flood area, that doesn't imply that you shouldn't or can't buy one deliberately. If you think your home is vulnerable to flood damage, here are some of the concrete reasons why you should be getting this essential coverage.
#1 Flood insurance can be more affordable outside flood-prone areas.
Typically, the cost of flood insurance outside the designated flood-prone areas are more affordable compared to homes situated inside those zones. With that, it is advisable to get one regardless if you are required or not. If you're getting a standard homeowner's insurance coverage, your firm usually bundles flood insurance at a reasonable cost. A few more bucks won't hurt each year, knowing your home and family are getting an extra layer of protection.
#2 You are still at risk even if your home is outside the flood zones.
Though the government exerts all efforts to estimate where flooding will most likely occur, their reports can quickly become outdated and may not tell the actual risks today. Weather is a tough foe, and it's hard to determine future conditions and climate. Truth to be told, 1 out of 5 flood insurance claims come from areas outside the designated flood zones. With that, it is your best interest always to come prepared and get flood insurance to secure you from any mishap.
#3 Flood damage can be debilitating.
Flood is the most common and costly disaster in America, leading to billions of dollars lost in damage annually. Flooding doesn't have to be widespread to cause significant loss to your home. An inch of water inside can already lead to considerable damage and cost a few thousand dollars. Without flood coverage, you'll need to get expenses of the renovations directly from your wallet.
#4 You can't rely on government aid.
There may be government aid to help you should you be involved in a flood disaster. Keep in mind, however, that it comes in the form of loans, which you need to repay. Moreover, your area must be under the list of federal disaster areas before you can even qualify for one. Most often, federal disaster assistance is given to only less than half of flood disasters.
Flood disasters can strike anytime regardless if you're in a flood-prone area or not. Get flood insurance so you can be confident, knowing that your home and family are covered at all times.
At Leigh Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (904) 826-0799 or Click Here to request a free quote.