Spring showers bring Spring flowers. Heavy rains bring home flooding followed by months of costly repairs and frustrations. If you have never seen a television commercial stating that homeowners insurance does not cover flood let me restate "You must have flood insurance to be covered in the event of a flood!"

A flood occurs when two or more adjacent property’s h...ave rising water that enters your home doing damage. Even with a flood policy poor drainage or architecture defect would not be covered by a flood policy.

The Federal Government underwrites all flood risks. The best advise I can give you is to purchase property that is NOT in a flood zone A or B. Flood zone X means you are high and dry and should never flood. However, with that said should a new road, new subdivision, etc. go in you may be in for an unpleasant surprise should we get a Texas sized storm.

Premiums for flood insurance have to be paid in advance for the entire year. There is a thirty day waiting period before a flood policy goes into force. There is no replacement cost coverage for contents with a flood policy. There is no additional living expense reimbursement with the Federal program. Out buildings are not automatically covered. With the flood policy you may have two deductibles, one for the home itself and another deductible for the contents that are damaged.

Before the rains come please contact our office so we can visit further about flood and the damage that can result. Hurricane season is only a few months away.
Posted 9:35 AM

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