Flood Insurance in Pennsylvania, New Jersey and Delaware
As one of your biggest investments, you need to protect your home. Many homeowners don't know that homeowner's insurance policies don't cover damage from rising or standing water from flooding. You need separate flood insurance to protect your investment. Let Farrell Insurance Associates, Inc. help you navigate the ins and outs of buying flood insurance in the Tri State Area.
New Jersey, Pennsylvania and Delaware can experience heavy rains and flash flooding as a part of its climate. Flooding doesn't just happen from heavy rains, but from snow and ice melt, dam breaches, and hurricanes, notes the Federal Emergency Management Agency. These events have flooded yards, homes and short circuited electrical systems in the area in the past, according to local news coverage by patch.com. Although flooding is uncommon in Pennsylvania, New Jersey and Delaware, that doesn't make it harder to obtain flood insurance.
It's a common myth that federal disaster assistance always covers flood damage. In reality, before a community can receive disaster aid, the President must declare it a federal disaster area. According to FEMA, declarations occur for less than 50 percent of floods. Federal aid also doesn't cover everything. It often amounts to less than needed to repair and/or replace property. With flood insurance, you choose the amount of coverage. Your insurance agent can help you determine how much you'll need to cover the home's structure and contents.
Some homeowners might worry that they can't get insurance if their home lies in a high flood risk zone. NFIP still extends insurance to those homeowners, so long as they live in a participating community. Another misconception some homeowners have is only those living in high flood risk zones need insurance. According to FEMA, more than 20 percent of flood insurance claims occur outside of mapped high risk flood zones.
The U.S. government, through the National Flood Insurance Program, provides the opportunity to purchase affordable flood insurance to homeowners and renters, via local insurance agents. Call or visit Farrell Insurance Associates, Inc. today to get the flood insurance you need for your Tri-State Area home. Let our independent insurance agents help protect your home investment from flood damage.
Visit us online today and use our software tool to help you get information about types of coverage available for your home, and likely costs involved. Our agents can help you find the right policy for your situation, to protect your home and your family. You may also give us a call or visit your independent insurance agents in Lansdale, PA.