Managing Your Risks Means Being Aware Of Events That Could Cause Expensive Damage To Your Home.
When the spillway on Lake Texoma overflowed, homes and business near the lake suffered major damage. Property located along the creeks and waterways near Sherman, Texas, Denison, Texas and Bonham, Texas, and areas in between these cities were damaged by flood waters. Many people were caught without any insurance to cover them. A homeowner’s policy will cover water damage to the home if water comes through the plumbing or sewer backup, but not if the water seeps into the house from the outside.
If your home is located near a lake shore or low lying creek you need flood insurance. This is called a Special Flood Hazard Area or high-risk area. In fact you may not be able to get a loan on the property unless you get a flood policy. If you have a Federally backed mortgage, your mortgage lender will require you to purchase flood insurance.
Even if your house is located on high ground it may be subject to damage from rising water.
Two inches of water from a flash flood coming in to a house can cause nearly $8,000 damage to the average home, according to research conducted by the Federal Emergency Management Agency (FEMA). In fact almost 25 % of all flood insurance claims come from areas designated as “minimal flood risk.” A house located on the side of a hill may suffer flood damage if water can run into it. This water damage is not covered under the homeowners policy. It needs a flood policy.
Flood Insurance is affordable.
Fortunately flood insurance is affordable. If you home is located in a minimum risk area or low-to-moderate risk area the insurance is very affordable. The rates depend on the location of the property. Flood zones identified by the Federal Government determine the rates of the flood insurance policy. Everyone lives in a flood zone. It’s just a question of whether you live in a low, moderate, or high risk area.
Don’t wait! There can be a 30 day delay before the insurance takes effect. When you see the clouds coming, it’s too late to get the protection!
Please fill out the short, easy quote form above. Or call Country Side Insurance at 866-979-7211. We will respond promptly.