FLOOD INSURANCE: MORE IMPORTANT THAN EVER

Smart Insurance Tips

Our rainy summer is a timely reminder that flooding is a growing risk for homeowners and flood insurance is increasingly important. According to FEMA, nearly 30% of National Flood Insurance Program (NFIP) flood claims come from properties in low to moderate flood risk areas. Storms are becoming more frequent and intense.  

Here are a few ways to better protect your home:

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1. Understand Your Coverage. Standard homeowner policies generally do not cover flood damage. Flood insurance protects against water entering your home from outside at the ground level due to heavy rain, overflowing bodies of water, or storm surge. Interior water damage from plumbing leaks and burst pipes is typically covered by your homeowner policy.
2. Know Your Flood Zone. Even homes in lower-risk flood zones can experience flood damage. If your property is located in an AE or VE flood zone, an Elevation Certificate may improve your homeowner carrier options and reduce your flood insurance premium. Visit amadengay.com to request a complimentary Flood Zone Analysis. 
3. Explore Your Options. In addition to FEMA’s National Flood Insurance Program (NFIP), private insurance carriers offer flood policies with broader coverage and higher coverage limits. We can help you determine which solution best fits your property.
4. Practice prevention. Regularly clean your gutters and drains, and make sure downspouts direct water away from your home’s foundation. The grading of your property should cause water to flow away from your home, not towards it.
5. Don’t Wait Until a Storm Is Forecast. Flood insurance should be purchased before it’s needed. Most FEMA-backed flood policies have a 30-day waiting period before coverage becomes effective, so it’s

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