Why should customers consider purchasing flood insurance?
1. Everyone lives in a flood zone - anywhere it rains, it can flood.
2. Flooding is not limited to coastal areas. Floods and flash floods happen in all 50 states.
3. Between 20 and 25 percent of all flooding events occur outside Special Flood Hazard Areas.
4. Most homeowners, condominium, manufactured home, renters and business insurance policies exclude losses due to flood.
5. Flooding is the most costly natural disaster in the U.S., causing more than $2 billion of property damage each year.
6. Just one inch of water can cause costly damage to your property.
7. A car can easily be carried away by just two feet of floodwater.
8. A customer's home has a 26 percent chance of being damaged by a flood during the course of a 30-year mortgage, compared to a nine percent chance of being damaged by fire.
Remember: It takes 30 days after purchase for a policy to take effect, so it's important to buy insurance before the flood waters start to rise.