A flood can be a serious issue and can cause major problems to all of those involved. Flood insurance offers some protection from the destruction and financial problems caused by a flood. It may not seem like more than a few inches of water, however, those few inches can cause major damage as well as thousands of dollars in repairs and restoration costs. Homeowner’s insurance doesn’t cover floods. By purchasing flood insurance through Patrick Insurance Agency you can help protect you and your home.
Flood insurance helps to keep your home and possessions safe and secure. Different types of policies are available based on your specific property’s location and the flood history:
Standard Flood Insurance Policies:
If you live in a community that participates in the National Flood Insurance Program (NFIP), you, your building and its contents can be covered by a standard flood insurance policy. The NFIP was established by the Federal Government to help communities who “voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.
Preferred Risk Flood Insurance Policies:
If your home or business is in a low or moderate risk zone, your building may qualify for a low-cost preferred risk policy. While you aren’t required to purchase flood insurance in low-to-moderate risk areas, a preferred risk policy will protect your home and its contents if you are affected by a small flood or a larger flood that has extended into your low-risk area. In truth, many flood insurance claims occur in low-to-moderate risk areas.
Patrick Insurance Agency is here to help those in the Ironton, Ohio; Ashland, Kentucky; and Huntington, West Virginia areas to feel secure when looking into purchasing flood insurance for their property. Contact a representative of Patrick Insurance Agency today for your free quote!