Flood Insurance, Often Overlooked Can Help Recover Thousands In Losses
“Just a few inches of water from a flood can cause tens of thousands of dollars in damage” as per National Flood Insurance Program (NFIP). This statement itself underlines the fact that how necessary it is for you to get the flood insurance. Regular homeowners’ insurance policies, also referred to as hazard insurance, do not provide cover for damages resulting from flooding. A separate insurance policy is needed to cover against flooding. Homeowners living in low-risk areas are generally not required to have the flood insurance. Based on the mortgage arrangement, homeowners residing in high-risk areas may also don’t have to purchase this policy. However,Read More →