Flooding is one of the worst and most common natural disasters in America. It can devastate communities, damage properties, displace families, and destroy neighborhoods. Unfortunately, many people think that floods are part of their home insurance policies and lose property worth millions.
At Foresee General Insurance Agency Inc., we recommend learning about flood insurance and purchasing the policy on time to help cover the damage when floods occur. Here are some of the critical things homebuyers in Harrison, AR need to know about flood insurance.
No One is Safe from Flooding
Everyone is susceptible to flooding. Whether you live in a low-risk or high-risk flood area, it’s important to buy enough flood insurance to protect yourself and your family. While the coastal regions are at a higher risk of flood damage than other areas, you can never underestimate how far floods can get. Remember, flooding can be caused by many things, including heavy rain, broken dams, inadequate drainage, and melting snow.
You Might Be Required To Buy Flood Insurance
If your home is situated in an area that often experiences floods, your lender can request you carry flood insurance to protect their interests. Remember, flood insurance is separate from home insurance, and home insurance doesn’t cover flood damage.
There is a Standard Wait Time for Flood Insurance
When you buy flood insurance in Harrison, AR, you may need to wait up to 30 days for the policy to qualify to file a flood insurance claim. If you buy flood insurance today and experience floods next week, flood insurance may not cover the damages.
Get Your Policy before it’s Too Late.
At Foresee General Insurance Agency Inc., we can help you get a policy that matches your budget. We ensure that you, your family, and your property are protected in a flooding event. Feel free to reach out to learn more about flood insurance and other policies.