Reasons To Buy Flood Insurance Now
Release Date: August 11, 2008
Release Number: 1773-Factshee2
» More Information on Missouri Severe Storms and Flooding
The National Flood Insurance Program (NFIP) is one of the few sources of insurance for flood-prone communities that include millions of American homes and businesses. The program of the Federal Emergency Management Agency deserves recognition for NFIP insurance being the great bargain that it is.
A Few Reasons to Buy Flood Insurance Now:
- Flood insurance compensates you for all covered flood-related losses to your home or business after your deductible is met.
- You can depend on being reimbursed for flood damages because NFIP flood insurance is backed by the federal government, even if the President does not declare a federal disaster.
- Coverage is affordable.
- When you make a claim, you become eligible for additional benefits to elevate, strengthen or move your building.
- Renters can purchase flood insurance contents coverage for their personal belongings or business inventory.
- Basement coverage includes cleanup expense and items such as furnaces, water heaters, and utility connections.
- You can request a partial payment immediately after the flood, which can help you recover even faster.
- Buying flood insurance is the best thing you can do to protect your home and business, and your familys financial security from a flood.
- Remember there is a 30-day waiting period before flood insurance becomes effective, so dont delay buying a policy.
To contact a flood insurance agent serving your area, go to: www.floodsmart.gov
FEMA coordinates the federal governments role in preparing for, preventing, mitigating the effects of, responding to, and recovering from all domestic disasters, whether natural or man-made, including acts of terror.
Last Modified: Monday, 11-Aug-2008 18:17:29