Floods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year. Floods cost an average of $27,000 for just one inch of flood water damage.
Homeowners insurance do not typically cover flood damage.
Floods can happen anywhere–More than 20 percent of flood claims come from properties in the preferred flood zones.
Many lenders require flood insurance on mortgaged properties that are located in areas at high risk of flooding. But even if your property is not in a high risk flood area, your mortgage lender may still require you to have flood insurance. Contact us today to find out how much flood insurance will be for your home!