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Many property owners probably wish they had purchased flood insurance after their home is damaged by flooding. Most homeowners, rental, and business insurance doesn’t cover damage caused by flooding. Flood insurance is designed to protect you and your property in a flood event. See retired U.S. Army Sergeant Gary Boggs’ story on how important flood insurance is.
While flood insurance isn’t required for properties located in low-risk flood areas, anyone can be financially vulnerable to floods. Recent storms have caused millions of dollars of damage to properties in low risk flood areas. Historically, properties in low-risk flood areas account for more than 20% of the flood losses and a third of the federal disaster assistance. Click here to see why you need to rethink flood insurance.
The National Flood Insurance Program (NFIP) cannot pay a claim due to flood damage if you don’t have a policy in effect when the damage occurs. An NFIP insurance policy generally has a 30-day waiting period before the policy becomes effective, so don’t wait, buy now. For a list of agencies that can help in your area, please contact floodcustomerservice@selective.com or call (877) 348-0552.
While flood insurance isn’t required for properties located in low-risk flood areas, anyone can be financially vulnerable to floods. Recent storms have caused millions of dollars of damage to properties in low risk flood areas. Historically, properties in low-risk flood areas account for more than 20% of the flood losses and a third of the federal disaster assistance. Click here to see why you need to rethink flood insurance.
The National Flood Insurance Program (NFIP) cannot pay a claim due to flood damage if you don’t have a policy in effect when the damage occurs. An NFIP insurance policy generally has a 30-day waiting period before the policy becomes effective, so don’t wait, buy now. For a list of agencies that can help in your area, please contact floodcustomerservice@selective.com or call (877) 348-0552.
