How Flood Insurance Works
Flood insurance is a very important type of insurance, but it is ignored by a lot of people. Many simply don’t get this insurance because they think that they don’t need it. However, it’s important for everyone to have this insurance if they own a home. Floods can be extremely costly disasters, and they may even mean that a home needs to be rebuilt. When you don’t have a flood insurance policy, call us at Alta Vista Insurance Agency in Vista, CA.
Flood Insurance: The Basics
The government stands behind flood insurance policies, backing them through the National Flood Insurance Program. This program ensures that funds are there if a policyholder has flood damage to their home. It’s important to have this insurance in place because home insurance doesn’t include coverage for floods. Many people assume that it does and never think to get flood insurance. But, to be covered for floods, you have to have this separate insurance policy.
The National Flood Insurance Program makes flood insurance from insurance agencies like ours, but it controls the prices. This means that there’s no reason to shop around as the price for it is always the same.
Flood Insurance Claims
Those who do know a little about flood insurance policies may assume that they don’t need this coverage because they aren’t in an area that’s at high risk for flooding. The problem is that 20% of all flood claims come from areas that aren’t in flood zones. This is a common occurrence, and if flood insurance isn’t in place, homeowners can lose their homes and be unable to afford to rebuild or repair the damage.
Get Flood Insurance Today
Don’t be caught in a flood without the right insurance for it. Call us at Alta Vista Insurance Agency if you are in the greater Vista, CA area and we will be happy to assist.