Floods can be devastating forces of Mother Nature, with an average claim of $35,000. As the number one natural disaster in America, floods affect people in all 50 states, including the 20% of all claims that are located outside of high-risk flood areas. But is flood insurance worth it for you? Flood insurance is designed to cover damages due to flash floods, hurricanes, winter storms, heavy rains, snowmelt, runoff water and, in some cases, mudslides. Insurance providers will determine your premium based on factors such as the stability of your land and the type of construction of your home; the lower your risk, the lower your premium—which can be as low as $130 per year. However, note that coverage does not take effect until 30 days after your first payment, so do not wait until a flood warning to purchase a policy. This specialized insurance is an important consideration because, contrary to popular belief, floods are excluded from homeowners and renter’s insurance. You may choose to make your decision based on your level of risk. Flood plain maps are available and use elevation, soil, slope of land, proximity to water and other factors to determine the risk of specific areas. But, flooding can occur anywhere at almost any time. Speak to an independent agent about whether purchasing flood insurance is right for you. Our knowledgeable staff will answer your questions and guide you through the process. Floods can cause serious damage, but a flood insurance policy can protect you from the serious expense. Call Tom Jones Insurance at 740-467-2040 for more information on Millersport flood insurance.
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