Did you know that floods account for over 90% of US natural disasters? Yes, floods are a constant menace in America. And every time they strike, they leave a trail of destruction. And speaking of floods, Alabama is not safe. Just the other day, on 19th July 2021, flash floods hit Birmingham metropolitan area, blocking roads and causing structural damage.
Given the constant threat of floods, you are never safe without flood insurance from Southern Risk Associates of Foley, AL. But what is flood insurance? What does it cover? Here are the basics you need to know about flood insurance.
Is flood insurance mandatory?
Alabama doesn’t require homeowners to purchase flood insurance. However, homeowners living in flood-risk areas are needed to purchase this coverage if it’s a requirement by their lender. But whether flood insurance is compulsory or not, you need it.
Where do I purchase flood insurance?
If you buy flood insurance from the National Flood Insurance Program (NFIP), you will get building coverage with a limit of $250,000 and contents coverage of up to $100,000. However, when you purchase flood insurance coverage from private carriers, you can access higher limits.
What does flood insurance cover?
The buildings coverage covers your dwelling structure, including foundation, air condition system, permanent carpets, plumbing, and electrical system. The contents coverage protects personal assets like clothing, furniture, electronics, and other assets.
But isn’t floods a national disaster?
While it’s true, sometimes the president can declare floods a national disaster, but it is not always the case. And when this executive order is made, you will be given a grant that you are supposed to repay. And still, you will require flood insurance because floods can strike again!
Purchase flood insurance today!
If you have been having second thoughts about flood insurance, think again. Floods can strike anywhere in the country, and your Foley, AL isn’t safe without flood insurance. Ready for coverage? All you need to do is to contact Southern Risk Associates for an affordable quote.