Flooding happens when you live near water so you don’t need to worry about flood damages to your home since you live inland, right? Wrong! Over 25% of flood claims come from homes in low-to-moderate flood risk areas and regardless of where you live, your flood risk is on the rise. Without the right insurance protection, flooding could not only damage your home, but may also totally deplete your finances.
Don’t Get Financially Soaked
North Carolina is no stranger to severe weather and the devastating after-effects caused by hurricanes, tornadoes, and violent storms, but you may be surprised to learn that flooding can happen to anyone, regardless of whether you live on the water or inland. Without the right insurance protection for flood damages, you could end up getting soaked financially.
With the average flood claim to a home in a low-to-moderate flood zone area being over $25,000, it could be financially devastating to pay this amount out of your own pocket. Your N.C. homeowners insurance policy specifically excludes damages to your home caused by flooding so without any type of flood insurance protection, YOU are responsible for any damages caused by flooding.
Flood Protection is Available
Despite the fact your N.C. homeowners insurance policy excludes flooding, there is available flood protection provided by the National Flood Insurance Program (NFIP). By purchasing a separate flood insurance policy through your local N.C. independent insurance agency, you can rest assured you will have the flood protection your home deserves. Flood insurance is designed to provide protection for residential flood losses for a nominal fee and typically cover the following:
- Building Property
- Contents/Personal Belongings
- Debris Removal
- Additional Living Expense (ALE)
- Loss of Use
- Mitigating Further Damage(s) Removal of Property to Safety
It is recommended that you contact your local N.C. independent insurance agent to discuss further details on flood insurance protection such as limitations, provisions, and time limits. Keep in mind that there is a typical 30-day waiting period for flood insurance to begin, so don’t wait for the threat of bad weather to initiate the protection you need right now.
Twin City Insurance is an approved provider of the National Flood Insurance Program and can assist you TODAY with all of your insurance needs pertaining to flood insurance or any other insurance needs you may have. Call us at 828-464-2643 to get the right flood insurance protection you need.