Do you know that in the state of Virginia a flood is the #1 cause of damages from natural disasters? Recent hurricanes prove that a house can withstand the initial storm only to be wrecked by flooding in the days that follow due to the torrential rain.
Tropical weather systems, such as hurricanes, produce coastal flooding from the storm surge. The rain that accompanies this severe weather can also cause flash floods and river flooding when the rivers overflow from their banks. Dams might break, and levees may fail, which will cause water to rush into areas where it is not supposed to go. During wintertime and in early spring, ice dams can break, and snowmelt can cause sudden flooding.
If your home has a mortgage, which comes from a U.S. government program or is guaranteed by a U.S. federal program, then, by law, you must have flood insurance. Even if not required by law, flood insurance is something that most homeowners need.
Flood damage is not usually covered by a home insurance policy or a renter’s insurance policy. Consult with your insurance agent at Easley Hedrick Insurance & Financial, serving the Richmond, VA area and the surrounding towns. Having a specific flood insurance policy is the only way to get the protection that will cover the cost of damage from flooding.
Other good reasons to have flood insurance include:
These statistics that come from the Federal Emergency Management Agency (FEMA) are shocking. There is over $8 billion in flood damage in America each year and that financial cost is rising.
The National Flood Insurance Program is sold through authorized insurance agencies like Easley Hedrick Insurance & Financial, serving the Richmond, VA area and those living in the state of Virginia. Contact your insurance agent today to get a quote for flood insurance before the storms come again.