In recent times, the unpredictable weather that results in heavy rains, melting of snow, etc., often leads to flooding in many parts of the country. Flood Insurance helps safeguard against loss caused due to flooding.
You may believe that your home is safe from the flood as you have hardly ever witnessed more than a puddle around your house. But according to FEMA, almost 99% of counties in the United States have been impacted by flooding between the years 1996 and 2019.
Many Americans still believe that flood is not a risk to their homes. Devastating floods can occur suddenly and no amount of sheets of plywood, sandbags can hold devastating floods. You could be heavily burdened with a lack of funds to pay for flood damage if you don’t have flood insurance.
Another common myth is that many Americans believe that their homeowner’s insurance will cover them for flood damage. But they don’t know that homeowners insurance doesn’t cover flood damages. Homeowners’ insurance is mostly limited to internal problems like the bursting of water pipes.
How does Flood Insurance work?
Flood insurance works just like other insurances: The home/ property owner pays an annual premium depending upon the property's flood risk. If the property is damaged or destroyed by flooding, the homeowner receives the money required to fix the damage.
Catastrophes happen and can vary greatly. Your home may be covered for storms and wildfires but not for the peril of a flood. Many people don't realize or don't think they're in a flood area and suffer the consequences.
Let EZ Online Services help you choose a policy that will fit your needs. Protecting all your assets, whether business, personal or both, is our primary goal. An insurance policy chosen by an expert can lessen the impact of some of life’s most common, yet unforeseen accidents.
