If you reside in a high-risk flood area, having flood insurance can be the difference between rebuilding or abandoning your home after a disaster strikes. The professionals at C & H Insurance Associates LLC, servicing South Carolina, can assist you in obtaining flood insurance to ensure you have the necessary resources to rebuild after a flood. Understanding what flood insurance is and how to acquire it is crucial. Here’s what you need to know.
What Is Flood Insurance?
Flood insurance is a specific type of insurance that covers expenses related to rebuilding after a flood. Home insurance does not cover flood-related expenses, so if you live in an area with a high risk of floods, having flood insurance may be essential for a successful recovery.
Who Needs Flood Insurance?
If you live in a high-risk flood area and have a mortgage, your mortgage lender may require you to have flood insurance on your home. You’ll learn this during the home-buying process, as your lender will only fund the loan when you have the appropriate type of insurance.
Even if your mortgage lender doesn’t require flood insurance, you may still benefit from this type of coverage. If you live in an area at risk of floods or where floods occur frequently, flood insurance can provide the necessary resources to repair or rebuild your home.
Where Can I Get Flood Insurance?
FEMA manages the National Flood Insurance Program, but you can obtain flood insurance from your insurance agent at C & H Insurance Associates LLC, servicing South Carolina. Call us today to get started with a flood insurance policy for your home.
