Why Flood Insurance is So Important

When you are a homeowner, insurance policies are essential to have. One of these is home insurance. Another necessary type of coverage is flood insurance. Many people go without flood insurance, but it’s essential to have it in place in case of a flood. When you’re in Florida and need a flood insurance policy, call us at McCormick Insurance Inc. in Pembroke Pines, FL, to get started.

Floods and Home Insurance

One reason that many people skip getting flood insurance is that they think floods are already covered by their home insurance. However, this is not the case. When you have a flood and only have home insurance, the damage isn’t covered at all. Being safe from floods is very important, especially in Florida. If you don’t have flood insurance, you aren’t well-protected.

Government Backing

Flood insurance is issued through the National Flood Insurance Program. This federal program backs this insurance and guarantees that it will be available when you have a policy. The program also sets the price for this insurance. This means the price is always the same regardless of where you get your policy.

Flood Zones

Another reason many people skip flood insurance is because they don’t live in a flood plain. Being in a flood plain makes you more likely to experience a flood. However, being outside one doesn’t mean you won’t be flooded. About 20% of the flood claims that come in are coming from areas that aren’t in a flood zone. This makes it essential to get this coverage no matter where you live and whether you’re in or out of a flood zone.