Top Ten Facts Every Consumer Needs To Know About The National Flood Insurance Program (NFIP)

  1. Everyone Lives in a flood zone. You do not need to live near water to be in a flood zone because floods can be caused by storms, melting snow, hurricanes, as well as faulty plumbing.
  2. Flood damage is NOT covered by homeowners insurance policies. You can protect your home, business, and belongings with flood insurance from the NFIP.
  3. You can buy flood insurance no matter your risk level according to the government. It does not matter if your risk is high or low.You can buy both building and contents protection no matter your risk level.
  4. The low-cost Preferred Risk Policy is ideal for homes and businesses in low to moderate risk zones. You can get flood insurance that will insure the building and contents for as little as $119.00 a year.
  5. Flood insurance is affordable. There are around 90 companies around the nation that offer affordable flood insurance backed by the federal government.
  6. Flood insurance is easy to get. You can buy flood insurance from several independent private insurance agencies. Call ABCO to see how easy it is!
  7. Insuring your contents is separate from insuring your building so renter’s can also purchase Flood Insurance.
  8. Business owners can purchase up to $1 Million in flood insurance to cover non-residential commercial buildings and their contents.
  9. There is usually a 30 day waiting period before the coverage goes into effect so don’t delay!
  10. Do not rely on Federal Disaster Assistance. You will only get aid if the President declares the area a disaster.

If you have questions about Flood Insurance from ABCO Insurance Agency just call us today!

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