Fisher Financial Services, Inc.
Flood Insurance
Flood Insurance
One of the most unexpected but feared disaster is that of a flood. Did you know that your home, mobile home, and or renters policy does not cover a flood or damage caused by a flood. Frequently we get calls in our office for these types of claims and have to advise our clients that there is no coverage for the damage caused by a flood.
Flood insurance can be provided through the National Flood Insurance
Program. We write out flood insurance policies with First
Community and Bankers Insurance Companies. Coverage can be
purchased for the dwelling, personal property mobile homes, and rental
dwellings. There are several deductibles to choose from as well.
Did you know that one third of all flood insurance claims are filed from customers who live in "low to moderate" risk areas. Congress addressed the over bearing burden for property owners in 1968 by creating the National Flood Insurance Program (NFIP). This program assures that property owners can purchase flood insurance at reasonable costs in exchange for careful management of flood prone areas by local communities.
Facts about flood insurance
- Compared to a fire, people located in a flood plane are 27 times more likely to have a flood during a typical 30 year mortgage.
- There is a standard thirty day wait for flood insurance to be in effect, unless there is a requirement from a lender on a real-estate closing.
Do not wait on buying the flood insurance you need. Call our office today at 540-366-8677 or send an email to scott@fisherfinancialservicesinc.com. We are here to assist you with understanding all you need to know about flood insurance. We look forward to serving your insurance needs soon.