How To Determine If You Need Flood Insurance

            Anyone who is purchasing a homeowners insurance policy will usually be confronted with the question, “should I purchase flood insurance?” But how do you know if you really need it? There are a few tips that can help you determine whether you need flood insurance on your own.

            First, does your lender require it? You may not have an option about whether or not you should purchase flood insurance. If you have a mortgage on your home, your lender might require you to carry flood insurance coverage. Flood damage is not covered under a standard homeowners policy and therefore your lender might have you carry flood insurance to protect their investment in your home. This can also depend on your flood zone and what risk your home is at.

            Second, what type of flood zone risk is your home in? If your lender does not require flood coverage that does not mean you do not need it. Every home is at risk for flood damage and you can find out your home’s risk at www.floodsmart.gov. This website provides maps that show different degrees of flood risk in your community. Even though this website is extremely helpful, Mother Nature is very unpredictable and your low risk zone could be hit with massive flooding. It is always a good idea to purchase some flood insurance to make sure you are fully protected.

            At John E. Peakes Insurance Agency we want to make sure you have the best flood insurance to protect your home. Flood insurance will keep your home and possessions secure during heavy and lengthy rain falls, storm surges, blocked storm drainage systems, snow melt and much more. Our agency will build a policy based on your homes location and flood history. So don’t wait until it’s too late, call John E. Peakes Insurance Agency today and we will get you on the right path to the best flood insurance policy that is affordable for you!