Top Ten Reasons To Buy Flood Insurance Now
It might be the best insurance bargain ever invented
Release Date: April 28, 2006
Release Number: 1603-072aFactSheet
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The National Flood Insurance Program is so successful that it may be flying under the radar for many people. Besides being one of the few sources of insurance for flood-prone communities that include millions of American homes, the forty-something-year-old program of the Department of Homeland Security's Federal Emergency Management Agency deserves recognition for NFIP insurance being the great bargain that it is. So without further ado, begin the drum-roll and we'll give you
The Top Ten Reasons To Buy Flood Insurance Now:
10 - Flood insurance compensates you for all covered flood-related losses to your home or business after your deductible is met.
9 - Coverage is relatively inexpensive with an annual average premium of $477 in Louisiana .
8 - 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.
7 - You do not have to repay flood insurance benefits.
6 - You become eligible for additional benefits to elevate, strengthen or move your building.
5 - Renters can purchase flood insurance contents coverage for their personal belongings or business inventory.
4 - Basement coverage includes cleanup expense and items such as furnaces, water heaters, washers, dryers, air conditioners, freezers, utility connections, and pumps.
3 - You can request a partial payment immediately after the flood, which can help you recover even faster.
2 - Buying flood insurance is the best thing you can do to protect your home and business, and your family's financial security from a flood. And the number one reason is
1 - Be FloodSmart! Buy now because there's a 30-day waiting period before coverage begins. To contact a flood insurance agent serving your area, check out: www.floodsmart.gov
FEMA manages federal response and recovery efforts following any national incident. FEMA also initiates mitigation activities, works with state and local emergency managers, and manages the National Flood Insurance Program. FEMA became part of the U.S. Department of Homeland Security on March 1, 2003
Last Modified: Friday, 28-Apr-2006 09:08:55