Flood Insurance
Floods can happen anytime, anywhere. Poor drainage systems, rapid accumulation of rainfall, snowmelt, and broken water mains can all result in flood. Most people do not realize that most homeowners insurance policies do not cover flood damage. Grapeville Agency can help you determine if flood insurance would be of significant value to you and we can help you add the right coverage to your overall plan. Floods are the most common and widespread of all natural disasters. Floods and flash floods can occur anywhere, not only in designated high-risk flood zones. People are often dismayed to find out, too late, that they are not eligible for Federal Disaster Assistance. Furthermore, the most common form of federal assistance comes in the form of disaster home loans which must be repaid with interest. Flood insurance can be more affordable than people realize, and well worth the small investment. Flood Insurance is available to protect homes, condominiums, apartments and nonresidential commercial structures. Flood insurance is purchased from The National Flood Insurance Program (NFIP), a federal program that allows property owners to purchase insurance protection against losses from flooding. This insurance is designed to provide an alternative to disaster assistance and help meet the escalating costs of damage repair to buildings and their contents caused by floods. Flood insurance is required by law in some instances. A flood insurance policy also reimburses you for actions you take to prevent flood damage to your property, making safety renovations affordable and practical.
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