73 Cavalier Blvd
Florence, KY 41042
Everyone homeowner in the Northern Kentucky / Greater Cincinnati area should have flood insurance. Even if you aren’t living in a flood zone, you can still get flood insurance if your community participates in the National Flood Insurance Program (NFIP). Most communities do participate, but you can always check with an agent at Budget Guard Insurance. Flood damage isn’t covered by a homeowner’s policy, and with flood insurance, you can protect your home as well as your belongings. Contents coverage is separate, and you must purchase both building and contents coverage if you want both to be covered. There will be limits on both and you can get up to $250,000 for your building and up to $100,000 for belongings. Flood insurance will pay even when there isn’t a disaster declared. With other forms of assistance after a flood, there usually needs to be a presidential disaster declared. You can purchase flood coverage at any time, but there is a waiting period before it goes into effect. You may be able to get a lower premium if you are taking additional flood protection measures. You can purchase flood insurance even if you are renting the property and get coverage for the contents of your home.
Besides not being covered by home insurance, flooding can happen anywhere. Twenty percent of flood insurance claims come from areas that are not considered a high risk for flooding. Rapid accumulation of rainfall, broken water mains, snowmelt, and poor drainage systems can all cause flooding. Homes on hillsides can be damaged by mudflow, which is also covered under a standard flood insurance policy. For those who do live in high-risk areas, there is a one-in-four chance that flooding will happen during a standard 30-year mortgage.
Contact Budget Guard Insurance, serving the Norther Kentucky / Greater Cincinatti area, to get a quote on flood insurance today!