Flood Insurance

Flood Insurance

Flood Insurance Policies

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There isn't any possible way to fully ensure a home won't be affected by some kind of sudden flooding, but you can be insured with a proper policy, which is the next best thing. Besides storm runoff or an overflowing creek, you can be the victim of a water heater rupturing which can result in many gallons of water rushing into your living room. A bathtub faucet malfunctions, water overflows the tub and next thing you know it is raining down on your easy chair from the floor above. If a water pipe bursts inside a wall, you are in store for all kinds of unpleasant results including electrical and structural damages. The worst flooding generally happens in the event of a fierce rainstorm or, horror of horrors, when a sewage and drainage system backs up and you, the homeowner, and your family are the victims of something overwhelmingly foul. With the proper kind of insurance protection you can be covered against these sorts of scenarios.

When your home is insured against flooding, there are two types of policies generally provided. One is the kind that usually comes with the standard home policy but can also be acquired as an extra rider on the existing coverage. This usually is the kind of protection provided for internal flooding. Any external flooding, for example a levy bursts or a dam breaks, requires a policy that is separate. Recently rates for the federally funded program have been increasing in the aftermath of such disasters as Hurricane Katrina. This and other extreme weather events have demonstrated how suddenly devastating and life-changing a flooding can be, so indeed fully investigate your options before you are faced with a challenge that may be too much for you to handle on your own.

There are federally designated flood zones in the USA and if you are one of the many residing in these areas, you are required to buy insurance against flooding. Recently, in light of man-caused changes in our climate, officials with FEMA have been expanding these designated areas on their flood maps, indicating many more homes as being in high-risk areas. This can often include an area that historically has not been prone to normal flooding.