Think again if you feel your home is safe from floods because some of us live in a low-risk flood area. According to The Federal Emergency Management Agency (FEMA), 99 percent of counties in the US were affected by flooding between 1966 and 2019. However, many property owners in Mississippi, Louisiana, and Alabama still don’t have flood insurance. At Bishop Insurance Brokers Inc., we recommend buying the policy even if you have never seen a large puddle in your yard. Floods are often sudden and very devastating, whether they happen near the coast or in inland areas. Remember what a surprise hurricane Katrina was to all of us living on the Gulf Coast!
Flood insurance is a type of property insurance designed to protect your home and its contents from "sudden" flood water damage. Get your Flood Insurance before it's too late! If you have a lender, flood insurance is required. Flood insurance policies come with a 30-day waiting period, unless a loan closing.
Flood insurance covers two essential things in your home:
While it’s almost impossible to determine how bad "rising water" can get, it’s always prudent to ensure you have enough flood insurance to cover any damage caused by the floodwater. Check the cost of rebuilding your home in your area based on labor and cost of materials. Add this amount to the value of your personal belongings. Don’t forget to create an inventory of your belongings.
Looking to buy flood insurance, but not sure where to start? Bishop Insurance Brokers Inc®. is here to help you find a policy that matches your needs, style, and budget. Call us today!
