American Eagle Insurance Blog
You might have heard of flood insurance and wondered whether you need it or not. To let you know whether it is right for you to purchase flood insurance, here are some important notes that you should know about floods and insurance:
Floods damaging your home
According to FEMA, also known as the Federal Emergency Management Agency, a flood is considered the number one natural disaster in the US. Hence, even a little heightened water can already cause damage to your house and belongings. While some places are more prone to flooding, all areas are also vulnerable to this incident.
Here are some of the conditions that cause flooding:
Why do I need to purchase flood insurance?
Home Insurance does not usually cover flood damage. Hence, getting a separate insurance for flood protects your home better. Because a flood can occur anywhere, it is also vital to purchase one, so you can also ensure the contents of your home.
How much does it cost?
The cost of flood insurance depends on the following factors:
You can buy separate coverage for your home's structure (typically up to $250,000) and the contents of your home or your belongings (usually up to $100,000).
What are the common types of flood insurance?
Flood insurance has two common types: the building property coverage and the personal property coverage or commonly known as replacement cost value coverage.
At American Eagle Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (225) 667-7377. You can also request a free quote by CLICKING HERE.