Homeowners & Business Insurance Update
Many homeowners and businesses think they have a low risk for flooding. According to the National Flood Insurance program (NFIP), 25% of flooding losses occur outside the flood zone. Remember, your homeowner’s insurance or business insurance policy does not cover flooding, which includes rising water and mud slides.
“The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners and by encouraging communities to adopt and enforce floodplain management regulations. These efforts help mitigate the effects of flooding on new and improved structures. Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance, specifically.” (NFIP)
Flood insurance can protect your home, business, personal property, and buildings from possible loss. With the constantly changing weather patterns, it is important to talk to your agent about your risk, and get a free flood insurance quote.
It is important to note that not all homeowner’s policies are created equal, and what one company offers may not be the same as another company. Also keep in mind, if you bought your policy online, who really knows what coverage you have?
Worthington Insurance specializing in competitive auto, home, contractor and business insurance as well as insurance in Philadelphia, Yardley, Morrisville, Langhorne, Newtown, Bensalem, Levittown, Bucks County and surrounding areas in Pennsylvania and New Jersey.
Get a flood quote now