Flood Insurance: Do You Need it?

Flooding can happen anywhere, and it’s important to be prepared. While properties located in high-risk flood zones are more likely to experience flooding, it can also occur in areas that are not considered high-risk. Even if you are not in a high-risk flood zone, there are other factors that can increase the likelihood of flooding such as nearby bodies of water, heavy rainfall, and poor drainage. Additionally, if you live in an area that has a history of flooding, it may be a good idea to get flood insurance even if you are not in a high-risk flood zone.

It’s important to note that standard homeowners insurance does not cover flood damage. If your home is damaged or destroyed by a flood, you will need to have flood insurance in order to receive financial assistance to repair or rebuild your home.

When determining whether or not you need flood insurance, it’s a good idea to speak with an insurance agent who can provide you with more information about the specific risks associated with your property. They can help you understand the different types of flood insurance that are available, and help you make an informed decision about whether or not to purchase flood insurance.

Keep in mind that if you have a mortgage on your property, your lender may require that you have flood insurance. Even if you own your home outright, it’s still a good idea to consider purchasing flood insurance as a precaution. It’s better to be safe than sorry when it comes to protecting your home and your family from the financial devastation that can result from flooding.

In conclusion, flooding can happen anywhere and it’s important to be prepared. Even if you are not in a high-risk flood zone, you may still want to consider purchasing flood insurance as a precaution. If you have any doubts or concerns about whether or not you should get flood insurance, contact LG Insurance Group and we can provide you with more information about the specific risks associated with your property and help you make an informed decision.