We all know the importance of life insurance and same thinking can be applied to flood insurance. A storm can bring alot of water into your home and cause alot of damage. This damage will not be covered by homeowners’s insurance. According to federal government, flooding can happen anywhere at anytime. Most people think that they will never encounter a flood or rising water but when it happens, it is too late. Furthermore, flood insurance ranges from $100 – $1300 per year. Finally, make sure that you get the flood insurance policy ahead of time because they will take 30 days to go into effect.
Archive for the ‘Flood’ Category
Flood Insurance is very important for home owners
Tuesday, September 5th, 2006what does flood insurance cover?
Saturday, May 13th, 2006Residential Policies*
RESIDENTIAL BUILDING COVERAGE
Building coverage insures a house or dwelling, attached and detached garages, as well as certain permanently installed fixtures such as built-in dishwashers, permanent shelving and cabinetry, furnaces and radiators, hot-water heaters, plumbing fixtures, stoves, ovens and refrigerators. (more…)
how long before flood insurance takes effect?
Saturday, May 13th, 2006Floods and flash floods can happen in all states and keep in mind that most homeowner insurance does not cover damanges that occur from flooding. Finally, it takes 30 days after purchase for a policy to take effect, so it’s important to buy insurance before the floodwaters start to rise.