A lot goes in to protecting your home and family finances. Of course, homeowners insurance is at the top of the list, but did you know homeowners insurance does not cover damage due to floods, the #1 natural disaster in the U.S.? To cover flood damage, you must purchase a separate flood insurance policy.
Unfortunately, flood insurance policyholders do use their coverage—between 2005 and 2014, flood insurance claims in the United States averaged over $3.5 billion per year, according to FEMA. Fortunately, flood coverage is not expensive. Check out our infographic below to see ten reasons flood insurance is a must.
With the median home value in the United States sitting at $220,300,2 almost half of U.S. homeowners should consider excess flood insurance to secure coverage over the standard flood insurance limit of $250,000.
If you're interested in obtaining a quote for flood insurance coverage, call 866-913-5180.