Personal Insurance

Flood Insurance

Flood insurance provides protection for destruction and financial devastation caused by floods. Although it may not seem like much, even a few inches of water can cause serious damage; resulting in thousands of dollars in repair and restoration costs. Most Homeowners insurance policies do not cover flooding. Purchasing a flood insurance policy through TW Insurance Agency can help protect you.

Although it may not seem as necessary as homeowners insurance, flood insurance is important if you want to keep your home safe and your possessions secure. Flood coverage offers protection against losses that result from heavy and lengthy rain falls, storm surges, etc.

Different types of policies are available based on your property's location and flood history:

Standard Flood Insurance Policies

If you live in a community that participates in the National Flood Insurance Program (NFIP), your building and its contents can be covered by a standard flood insurance policy. The NFIP was established by the Federal Government to help communities who "voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage." You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.

Preferred Risk Flood Insurance Policies

If your home or business is in a low or moderate risk zone, your building may qualify for a lower-cost preferred risk policy. While you may not be required to purchase flood insurance in low-to-moderate risk areas, a preferred risk policy will help protect your home and its contents if you are affected by a small flood or a larger flood that has extended into your low-risk area. Many flood insurance claims occur in low-to-moderate risk areas.

Waiting periods may apply so don't wait until it's too late. Contact TW Insurance Agency today to discuss flood insurance protection.