FEMA reveals that $25,000 of damage can occur from only one inch of floodwater. Most policies don’t cover it, though. What options do you have?
Research your options carefully when seeking flood insurance in Port Jarvis, NY. Worthington Carroll Agency understands the needs of people living in this region. We also help people secure financial protection if they experience commercial or rental property damage.
The Types of Properties Flood Insurance Covers
The types of properties that flood insurance covers depend on your chosen policy. For instance, you can purchase home, business, or recreational vehicle coverage.
Consider this, too: If you want to protect yourself from financial ruin if an automobile becomes flooded, consider that, too. Every property you insure usually requires a separate policy.
If Renting, Not Owning
Flood insurance is also available for people renting. However, don’t confuse flood insurance with renter’s insurance. They are not the same. Your renter’s insurance only covers your personal property, not the structure of the place you live.
(Covering flood damage to property you don’t own is usually not your responsibility anyway.)
What Flood Insurance Pays For
One way to seek coverage is to request National Flood Insurance Program (NFIP) assistance. This will help you find information based on various factors, including flood frequency, storm surges, coastal erosion, and heavy rains.
Typically, policies either cover the contents, the structure, or both. For instance, they may pay for cracked foundations, fried electrical wiring, or mold removal. However, there’s no guarantee unless you receive a proper assessment based on your policy needs.
The NFIP coverage may provide you with enough peace of mind. If so, you can stop there. However, if you need more financial protection than this FEMA service can provide, please talk to Worthington Carroll Agency.
