We arrive at the greenest and most flowery time of the year, but also at the time of disasters and damage caused by rains, hurricanes and others. So here we share an insurance with which you can cover your house and we want you to know it more thoroughly.
What is flood insurance?
Flood insurance is a type of property insurance that covers a home for losses suffered by water damage, specifically floods caused by heavy or prolonged rains, snowmelt, coastal swells, blockage of storm drainage systems or breakage of levees .
In simple terms, a flood is an excess of water on land that is normally dry, affecting two or more acres of land or two or more properties. For example, damage caused by a clogged sewer is covered if the clog is the direct result of a flood.
Flood insurance offers financial protection for your property in the event a flood damages your home or belongings. It is a separate policy from the standard home insurance policy, which does not normally cover damage caused by floods.
If you have a mortgage on your home and you live in a high-risk flood zoneIn most cases, your lender requires you to purchase flood insurance. However, if you live in a moderate or low risk area, and your community belongs to the National Flood Insurance Program (most do), then you have the option to buy it.
If you want more information about flood insurance, leave us your information and we will be happy to contact you.
Remember that #SomosTuManoAmiga
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