Flood Insurance

Floods can occur in all 50 states. Even if you don’t live in a designated high-risk flood zone, flooding could damage or destroy your home. What’s more, a standard homeowners insurance policy does not typically cover these losses.  

Contact Insurance Agencies Inc. to learn about your flood risk and how flood insurance can protect your home. 

What Is Flood Insurance? 
Flood insurance is property insurance generally purchased separately from your homeowners insurance policy. If you live in a high-risk area, your mortgage lender may require that you purchase flood insurance before approving your loan. Even when it’s not required, however, you may decide the benefits of flood insurance outweigh the cost of premiums. 

We’re here to help you find the right coverage for your insurance needs. Contact Insurance Agencies Inc. for a flood insurance quote today. 

What Does Flood Insurance Cover? 
Generally, your flood insurance policy will pay to repair or replace the structure of your building or your possessions if they are damaged or destroyed during a flood. Although individual policies may vary, here are some commonly covered items: 

• Your home’s foundation and structure
• Plumbing and electrical systems
• Furnace and air-conditioning unit
• Personal property (e.g., furniture, clothes and electronics)
• Garage and other detached structures (e.g., gazebo, fences)
• Built-in appliances (e.g., oven, refrigerator) 

For more information on the flood insurance coverage we offer, call Insurance Agencies Inc. 

How Does Flood Insurance Work? 
If your community participates in the National Flood Insurance Program (NFIP), you will generally be able to purchase flood insurance through one of your local insurance agencies. Although there are exceptions, your flood policy will typically have a 30-day waiting period before it goes into effect. If you buy your flood insurance at the same time as you take out a mortgage, it may begin immediately.  

You may also be able to purchase a private flood insurance policy, which may come with various coverage options and limits. However, this may not apply to every homeowner.  

You don’t have to live in a high-risk zone to buy a flood insurance policy. Homeowners with property in low- to moderate-risk zones can also purchase flood insurance as long as their community is part of the NFIP. Speak to your insurer for more information. 

Protecting Your Home 
Since 1879, we’ve been helping customers in New Jersey, Pennsylvania and beyond. Contact Insurance Agencies Inc. today to get the home protection you deserve and to speak to an agent. 

 

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