You Are More Likely To Experience a Flood Than a Fire
You are 4 times more likely to experience a flood than a fire.
Floods Are The #1 Natural Disaster
Changing weather patterns, increased urban development, and the leveling of forests have reduced the land’s natural ability to absorb water. As flooding becomes a common occurrence, property owners need to face the facts.. …Everyone lives in a flood zone!
The Homeowner Policy Does Not Cover Flooding
Property owners know a Homeowners policy covers fire damage, but most don’t realize that it won’t cover flood or mudslide damage. Rising waters and debris can destroy your home, business and personal belongings within minutes.
Federal Assistance Is Difficult To Obtain
Most floods don’t qualify for federal disaster aid. Only floods that are declared national disasters by the president qualify for federal assistance. This assistance is in the form of a grant averaging less than $2500, or a federal loan that must be paid back with interest. The loan is in addition to payments on your existing mortgage loan.
Flood Damage Is a Growing Problem
As more flooding occurs throughout the country, the cost of rebuilding is skyrocketing. Floods now cause more than $2 billion in property damage each year.