Flood Insurance

Flood insurance is becoming more and more expensive

Just a few days ago the National Weather Service issued a flash flood watch for Long Island. Now you don’t have to be right on the coastline to be at risk. In fact, low-lying areas and places that have inadequate drainage could experience the most flooding. When you consider that floods are the number one natural disaster in the US, you realize that you can ill afford not to have flood insurance. And you don’t have to live in a flood zone to be at risk. As much as 25% of flood damage occurs outside specifies flood zones.

Storm surges in Freeport can result in severe flood damage. During heavy downpours, many parts of Long Beach could suffer flood damage. Superstorm Sandy damaged many waterfront properties and homes in Long Beach.  The Town Board of Hempstead stated in an article about flood zones that there is real potential for loss and destruction of properties from flooding and erosion.

Flood insurance is a special type of coverage that is not a part of your normal homeowner’s policy. You have to get separate flood insurance to protect your financial interests in the event of a flood.  Most insurance companies won’t write flood insurance policies in risky areas due to the severe losses from the past. Even the Federal subsidized flood insurance program is cash strapped and heavy increases in premiums are on the horizon.

So how much flood insurance do you need and what are your options? Flood insurance just gets more and more expensive so you really should seek professional advice about this. The best answer will be to consult with a flood insurance expert such as Denis Miller.  This way you can be confident that you will get the flood insurance that is right for you and your property.

How to find the cheapest flood insurance in your area

Are you having trouble with finding a cheap flood insurance package in your area? If you ever found yourself in this situation, you should read this article to find out what should you do in order to make sure you successfully found the flood insurance package you need, at the lowest price.

As we all know, this type of insurance covers any damage that may be caused to your property, in case of a flood. It can also cover the possessions you have stored in the house, and all the adjacent structures, like the garage, and so on. Furthermore, in case your house gets badly damaged, and you cannot live there after the disaster, your insurance company will have to provide you with everything you need from a shelter to drinking water or even clothes.

When it comes to finding the cheapest flood insurance, you should first start by doing a little research. You can conduct your research on the internet since almost every insurance company now has a website where you can calculate the rough price of your insurance. In addition, there are websites where you can even compare different offers side-by-side, which can be very helpful.

After you are done with the research, you should make a list of at least 5 insurance companies that you think have the most interesting offers. Now what you have to do is to visit, or call these companies in order to get the exact price of your insurance package, and to find out what coverage do they have.

At last, you only have to pick the one you think best fits your needs, and go and sign your flood insurance. If you do not have time to do all this work on your own, you can always contact an insurance adjuster who will do everything there has to be done for you. Their services are quite cheap nowadays, and they are available even in areas such as Freeport, Hempstead, Long Beach, and Long Island.

Flood insurance is not part of your standard homeowner’s policy

Floods are the number one natural disaster in the USA and not having flood insurance is like playing Russian Roulette with your finances. Areas such as Long Beach often have to deal with northeasters, hurricanes and severe winter storms. During a major rainstorm, there is a real risk of flooding and all property owners should carry flood insurance. Please be aware that normal home owner’s policies do not cover flood damage.

For proper flood insurance advice in Freeport, Hempstead, Long Beach, and Long Island you should consult with a local insurance agent such as Denis Miller. Your agent will advise you if your area participates in the National Flood Insurance Program and whether this federally funded insurance is right for you. Homeowners in areas that participate in the NFIP can obtain flood insurance that covers buildings, structures, and contents. Flood Insurance is often required by law and your agent will advise about this as well.

When hurricane season comes around you don’t want to be caught without flood insurance. Flood damage is a real possibility and the Federal Emergency Management Agency (FEMA) categorizes Long Beach Island and many areas of the New Jersey coastline as a special flood hazard area. During the hurricane seasons (1 June through 30 November) there are rising sea levels, huge waves and a real risk of tidal flooding. You need separate flood insurance as this is not covered under standard property insurance.

In particular, homes situated in low lying areas have in the past experienced severe flood damage. As a homeowner, you should be prepared for floods and related damage. You cannot stop the floods but you can mitigate the financial implications of flood and related damage. The only way to do this is through flood insurance. Don t wait till the rain storms hit cos then it’s too late. Speak to your agent today and get the right flood insurance for your needs.