Protecting your new home or condo from flood damage is one of the best ways to keep it safe throughout the years. Research shows that floods are the most common natural disaster in the United States. Especially if you live in a flood-prone area like Miami, FL, flood insurance can make all the difference in terms of protecting your home. We here at NEA Insurance Group LLC are committed to offering you the best flood insurance in the state of Florida. Here are some facts we want you to keep in mind while considering flood insurance:
Most homeowners and renter’s insurance don’t automatically cover flood damage. Additional flood insurance is required to protect your property from a flood. As we mentions earlier, this is the most common natural disaster damage in the United States and we highly encourage homeowners in Miami, FL to keep their home protected with flood insurance.
Floods Can Happen to Anyone
Even if you live outside of a high-risk area, you are still at risk for flood damage. It’s often people outside of high-risk areas that are hit the hardest by flood damage because they often go uninsured. Things like wildfires, construction, and changing weather patterns can alter which areas are prone to flooding making flood insurance increasingly important.
You Might be Required to Have Flood Insurance
Depending on your mortgage agreement, you might be required to have flood insurance. This is especially true in flood-prone states like Florida. Most mortgage agreements will require you to have comprehensive insurance policies covering your home. This can, and often does, include flood insurance.