Road Closed for FloodingYou can't remember the last time there was a flood in your area. Yet, since your neighborhood is classified as a high-risk area, you also know your home insurance policy doesn't provide you with financial protection against floods.

With these factors in mind, you might wonder if you really need to purchase flood insurance. After all, it might be tempting to put off the purchase of this type of property coverage, since the risks don't appear to outweigh the cost. But this move could be a huge mistake.

What Do The Statistics Look Like in Your Area?

The National Flood Insurance Program is responsible for assessing each area of the country for flood risk. The NFIP uses flooding history, geographic location and other factors to estimate the chances that a certain neighborhood or area might flood. Homeowners in areas deemed high-risk generally do not have flood coverage on their home insurance plan.

You can learn what risk level you are by simply visiting with your home insurance agent. You can also get this information from your local city hall or from the National Flood Insurance Program itself. Once you know you are in a high-risk area, don't put off getting coverage.

What You Need to Know About Floods

Floods are not uncommon. In fact, in the last five years, every state in the country has had some type of significant flooding event or flash flood. Flash floods are particularly common after heavy storms. They can bring walls of water that can be as high as 15 feet, which can cause significant damage to any home. Additionally, the rushing water from a flash flood can easily carry a car away. Due to these dangers, homeowners in high-risk flooding areas have a higher probability of filing a claim for flooding than they do for a fire.

The risks are high. Without flood insurance, your home and property is on the line. There's just no reason to put yourself at such a financial risk level.

Ensure your protection. Call Fulton Agency, Inc. at (954) 752-8610 for a free Florida flood insurance quote.
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