Most people don't have flood insurance, but many people should. In Pennsylvania, there is a big need for flood insurance among homeowners. Not having it can leave you open to an enormous amount of financial risk. If you are in need of flood insurance or a quote, contact us at Ninerell Insurance Agency Inc. in Morrisville, PA. Give our office a call and learn more about the importance of insurance.
Many people don't get flood insurance because they assume that their home insurance will cover floods. However, this type of insurance doesn't cover many types of flooding. When you have certain types of floods, and you only have home insurance, all of the damage done by the water will be yours to pay. Floods can be incredibly damaging to homes, causing building materials to break down and grow mold on them. You need flood insurance to pay for the damage that can be done.
When considering flood insurance, many homeowners assume that if they live in an area that isn't a floodplain, they don't need flood insurance. However, the National Flood Insurance Program, the federal backer of flood insurance, suggests that everyone should have this coverage even if their area isn't rated for floods. Among flood claims, about 20% of them come from areas that aren't rated for flooding. And without flood insurance, the damage can be highly expensive to repair. Homes can be destroyed by flooding, and those without insurance face serious financial consequences.
If you don't have flood insurance, you're taking a big risk. When you get flood insurance, it is priced the same no matter where you get it. To get a flood insurance policy, call us at Ninerell Insurance Agency Inc. in Morrisville, PA to find out more. We will help you get started with a quote. Don't assume that you are safe from flooding because of where you live.
