Flooding is the most common, and most expensive, natural disaster in the United States. Just 1 inch of water pooled in a single-story, 1,000 square-foot home can cause close to $11,000 worth of damage; 1 foot of water in a 2,500 square-foot single-story home can cause more than $29,000 in damage.
Standard homeowner’s insurance policies do not cover floods
- It’s wise to consider flood insurance even if you are not required to purchase it.
- Even if you live outside a high-risk flood zone, called a Special Flood Hazard Area, buying flood insurance is a wise decision. Statistics show that people who live outside high-risk areas file more than 25 percent of flood claims nationwide.
Can I get flood insurance if I'm renting a property?
- Yes. If you live in a community that participates in the National Flood Insurance Program and you are a renter, you can get flood insurance to cover the contents of your home, apartment or business at a rented location.
How much does a policy cost?
- We can talk with you about cost of coverage for your property. There are ways to lower your cost, and your insurance agent can discuss your options.
- National Flood Insurance Program policyholders can choose their amount of coverage. The maximum for residential structures for a family of one-to-four is $250,000 in building coverage and $100,000 in contents coverage.
- The maximum for businesses is $500,000 in building coverage and $500,000 in contents coverage.
Contact us for a free consultation on your flood insurance needs - (845) 368-2700 or 1-877-4-Licata