Think
you do not need flood insurance?
Think
again!
Take this
simple quiz:
- Which is more likely to occur,
a fire loss or a flood loss?
- For a building located within
a flood hazard area, what are the chances it
will be hit by a 100 year flood
- Does flooding occur mostly
in coastal regions?
- If I'm in a flood prone area
and the worst happens. I'm covered by the Federal
Emergency Management Assistance program, right?
And the correct answers
are...
A flood loss is 30 times more
likely to occur than a fire loss and the chance
of a building located in a flood prone zone being
ravaged by a 100-year flood is 25% greater than
the chance that fire will strike a building in
the same zone.
And while floods typically occur
in coastal regions, some of the nations most destructive
flooding has occurred along river banks. In fact,
the 1993 flooding along the Mississippi River
left 70,000 people homeless and caused about $12
billion in damage to property and agriculture.
Over 50% of flood claims occur in areas considered
to have low flood exposure.
Your basic homeowners
insurance and most commercial property policies
do not protect you against damage from floods.
In the case of the most severe floods, assistance
is available, however, it is in the form of loans
through the Federal Emergency Management Assistance
(FEMA) program. And that's only after the federal
government has delared the site a disaster. What's
more, those loans must be repaid on top of your
existing mortgage loan, and you will be required
to carry flood insurance.
One More Question...
Can you afford to be without
flood insurance?
The answer is simple. No.
Federal Flood Insurance
through American Business Insurance
Fortunately, you can buy coverage
that is financially backed by the National Flood
Insurance Program (NFIP) and is available through
American Business Insurance.
Federal Flood Insurance protects
your buildings and contents from damage caused
by rising water associated with flooding. Coverage
includes:
- Structural elements, including
walls, floors, equipment and fixtures.
- Contents such as furniture,
appliances, carpeting and wall and floor coverings.
- Personal items like clothing
audio equipment and televisions.
Call us today about flood insurance.
It's protection you simply can't afford to be
without.
Click
Here for a Quote
Check
out these other valuable personal coverages that
we offer!
|
