As the nation’s number one natural disaster, flooding can occur without a moment’s notice. Whether you own a home or business, it is always advisable to have flood insurance, especially if your home is in a flood-prone area of Georgia. According to FEMA, only an inch of floodwater can result in a staggering $27,000 worth of damage, which is why Fallaize Insurance Agency, Inc. recommends flood Insurance.
Flood Insurance Coverage Options
All flood insurance is offered through the National Flood Insurance Program (NFIP), which was created by the Government to protect homeowners from financial hardships as a result of flood damage. Flood Insurance is backed by the Federal Government and should be purchased in the same manner as other types of insurance through Fallaize Insurance Agency, Inc. The monthly policy price is typically lower than the low-interest loan payments on FEMA loans, so flood insurance is a better option for homeowners to safeguard their belongings.
- Blinds and curtains
- Electrical and plumbing systems
- Fuel tanks and the fuel inside
- Frozen contents in the freezer
- Home appliances
- HVAC equipment
- Permanent carpeting
- Structure of your home
Why Buy Flood Insurance Immediately?
With Flood Insurance, you cannot wait until you need it to buy it. Coverage typically does not become effective until 30-days after the date of purchase. Therefore, if you wait for a natural disaster to reach your doorstep, then it’s too late.
Even if your house is in a 100-year flood plain (statistically a catastrophic flood will occur once per century), it is a smart idea to have the policy ready before it is needed. According to the National Flood Insurance Program, 20% of flooding claims originate in areas that are not high-risk, so it can and does happen to anyone.