Getting Protection In The Face Of A Flood
It is a common misconception that flood insurance is part of your homeowner’s insurance coverage. Be aware that your existing home insurance policy will not protect you if this natural disaster strikes.
If you live on a flood plain, getting flood insurance is a no brainer. Your odds of facing a flood are high, and you do not want to leave yourself and your family exposed to the financial burden that could come when a flood sweeps through.
If, however, you live in an area where the risk of flooding is low, you may be willing to roll the dice, saving your money by not paying premiums and hoping a rare flood does not come your way. Be advised, though, that water damage is almost always extremely costly. According to the National Flood Insurance Program, just one foot of water causes an average of $27,150 of damage to a 1,000 square foot house. The average flood claim comes in at a staggering $38,000.
Knowing that you may face damages of tens of thousands of dollars with only a handful of inches of water in your home, flood insurance may start to look more attractive. Additionally, because flood insurance costs an average of around $50 a month you can view this coverage as a relatively inexpensive way to protect your family. With flood insurance, you never have to worry that rising waters will result in your need to drain your savings account.
If you have questions about whether you actually need flood insurance, contact 01 Insurance in Astoria. Our educated team can help you assess your individual risk and protect you against it. You do not have to be left exposed to the rising waters; we can anchor you with the right policies for your individual situation. For all of your New York coverage needs, call us today.