Changing homeowners insurance might be complicated, but when you live in a flood risk area, it may be time to review your policy. Though flood damage can be as simple as a backed up sewer, most flood damages occur in high flood risk areas, where flood damage claims average $27,000. On January 25th, the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) issued final flood insurance rate maps, which provide flood risk information for insurance purposes.
Unfortunately, not every homeowners insurance plan covers flood damage adequately, so considering insurance policy changes, or even changing homeowners insurance to protect yourself from floods is a smart investment. When changing homeowners insurance, it’s important to get a number of quotes to see which policy will offer you the best coverage. It’s also imperative that by changing homeowners insurance, you get the right coverage for your area’s flood risk data.
You can visit www.floodsmart.gov for information about flood facts and estimated insurance rates that will help you make an informed decision when changing homeowners insurance. Keep in mind, however, that your area’s flood risk data is not the only aspect that determines your coverage and premium.
One of the best sources of trustworthy information about changing homeowners insurance is AgentInsure. You can simply enter your information, and you’ll immediately be in touch with a licensed agent in your area who can advise you about changing homeowners insurance so you have coverage that fully protects you from flood damage.
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