Tom's Blog
Your Flood Risk Is on the Rise
You might think that living inland means you don’t need to worry about flood damage, but that’s a misconception. Over 25% of flood claims come from homes in low-to-moderate flood risk areas. No matter where you live, your flood risk is increasing. Protect your home with flood insurance; without the right coverage, flooding could damage your home and deplete your finances.
Don’t Get Financially Soaked
North Carolina frequently experiences severe weather, including hurricanes, tornadoes, and violent storms. However, many people are unaware that flooding can happen anywhere, even if you live far from the water. Without proper insurance for flood damages, you could face significant financial losses.
The average flood claim for a home in a low-to-moderate flood zone exceeds $25,000. Paying this amount out of pocket could be financially devastating. Your N.C. homeowners insurance policy specifically excludes flood damages, so without flood insurance, you are responsible for any flood-related losses.
Flood Protection is Available
While your N.C. homeowners insurance policy excludes flooding, the National Flood Insurance Program (NFIP) offers flood protection. By purchasing a separate flood insurance policy through your local N.C. independent insurance agency, you can ensure that your home has the flood protection it needs. Flood insurance provides coverage for residential flood losses at a nominal fee and typically includes:
- Building Property
- Contents/Personal Belongings
- Debris Removal
- Additional Living Expenses (ALE)
- Loss of Use
- Mitigating Further Damage
- Removal of Property to Safety
Act Now to Secure Your Protection
Contact your local N.C. independent insurance agent to discuss the details of flood insurance, including limitations, provisions, and time limits. Keep in mind that there is usually a 30-day waiting period for flood insurance to take effect, so don’t wait for severe weather to get the protection you need.
Paramount Insurance Agency is an approved provider of the National Flood Insurance Program and can assist you TODAY with all of your flood insurance needs. Call us at 336-869-3335 to get the right flood insurance protection.
