Did You Know Most Homeowners Policies Don't Cover Flood Damage From Storms?

Any home can be vulnerable to a flood from a storm.  According to FEMA, 25% of all flood claims and 1/3 of all assistance come from outside high-risk areas.  Most homeowners policies DO NOT include coverage from floods caused by storms.  Fortunately, the National Flood Insurance Program helps homeowners by providing flood coverage.  Unless you are starting the policy for a home closing, however, there is usually a 30 day wait period before the policy takes effect.  So, you need to plan ahead if you want to be covered before the next major storm.

• Floods are the #1 natural disaster in the US
• Federal disaster assistance is usually in the form of a loan
• The avg annual premium for a flood policy is around $600, while a Preferred Risk Policy can cost as little as $129 per year!

 Additional information can be found on FEMA's website with the National Flood Insurance Fact Sheet:
 http://www.fema.gov/pdf/media/factsheets/2011/mit_natl_flood_ins.pdf