The spring season brings both beauty and potential challenges, one of which is the risk of flooding.
Since standard homeowner’s insurance policies usually do not cover flood damage, having specific flood insurance is important even if you do not reside near a river, coast, or significant body of water. Areas that appear low risk can still experience unexpected flooding.
5 reasons to consider flood insurance:
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Unpredictable Weather Patterns: Flooding is not exclusive to areas near lakes, rivers, or oceans. With today’s increasingly unpredictable climate, flash floods can occur almost anywhere, especially during heavy rainfall or unexpected weather events.
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Surface Water Runoff: Development and construction in areas that were once green spaces have increased water runoff possibilities. Urbanization means less absorption of water by the ground, leading to potential flooding scenarios even in normally dry areas.
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Cost of Recovery: The financial repercussions of flood damage can be significant, covering everything from structural repair to the replacement of personal belongings. Flood insurance can provide substantial financial relief in such circumstances, effectively protecting your property and peace of mind.
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Base Flood Elevation Changes: FEMA updates flood maps regularly, and areas previously not considered at high risk might be placed into new zones. Having insurance beforehand ensures you are prepared for changes in these designations.
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Mitigating Long-term Financial Exposure: Floods are one of the most common and costly natural disasters. Flood insurance is a prudent step towards safeguarding your financial stability against unforeseen natural events.
If you have any questions about flood insurance Merit Insurance Group is here to help! Call us at 708-845-5466 or visit our website at www.meritinsurancegroup.com.
