Flood Insurance

The Importance of Flood Protection!

About 90% (Ninety percent) of natural disasters in the United States in one way or another involves Flooding. Flood damage can strike in low or moderate risk areas. Homeowners/ Commercial Building and Renters policies don’t cover Flood Loss! It is important to learn about Flood Coverage and your options when it comes to selecting the right coverage!

The risk of flood damage or loss

According to the Federal Emergency Management Agency (FEMA) floods—including inland flooding, flash floods and flooding from seasonal storms—occur in every region of the United States. In fact, 90 percent of all-natural disasters in the U.S. involve some type of flooding. This is something that most property owners oversee, and it is of great concern.

When moving into a new home, apartment or business location, ask your Insurance Professional, Lender, Realtor, your local officials about the location and whether or not it has been known to flood. The National Flood Insurance Program (NFIP) can provide flood risk information on your area.

20 percent of all flood claims are filed in low to moderate flood risk areas. That means, you should be covered even in these areas and know what insurance options you have and obtain adequate and affordable coverage. Most new homeowners will not take this cost into consideration when purchasing a new home. If you need a Real Estate Professional Please contact ORION Real Estate & Finance LLC. www.expertrealtoragents.com or email brock@orionagents.com and we will get you everything you need to make the best decision.

The Basics of Flood Insurance

Flood Insurance is a little different than other insurance programs.

Purchasing flood insurance

When buying flood insurance, you should know that: