Unless you are in a very high risk flood zone, flood insurance is more affordable than you might think.
Located centrally in King of Prussia, PA, Caruso Insurance offers superior flood insurance resources to the surrounding areas of Wayne, Norristown, Conshohocken, Plymouth Meeting, Phoenixville, Blue Bell, Broomall, Philadelphia and everywhere in between.
Did you know that your homeowners insurance doesn't cover against a flood? The only way to have coverage against flood damage is with a separate flood insurance policy through the National Flood Insurance Program, which is administered through FEMA.
The risk of flood damage is higher than you might think. Every year more and more communities are reporting record rainfall. The average residential flood claim is over $40,000 while interior water damage (broken pipes) is only $5,000. Floods can happen anytime, anywhere and can cause serious financial destruction. You can't rely on Federal Disaster Assistance because in most cases, the only aid disaster victims may qualify for is a loan that must be repaid with interest! With one annual premium, usually less than $500, you can protect your most important investment: your home and your finances.
Flood Insurance can provide coverage for:
- Flood damage to your home's structure as well as items like your furnace and water heater
- Flood damage to your furniture, rugs, appliances, and clothing (with limitations for basement areas)
- Expenses you incur to protect your home against imminent flood damage by sandbagging or other measures
- Clean-up costs for covered items after a flood, including debris removal
Properties located in low to moderate risk zones may be eligible for a Preferred Risk Policy (PRP), a low cost option that will allow property owners and businesses to protect themselves against the devastating effects of flooding.
Want to learn more about your Pennsylvania Flood Insurance options? Contact us today, we're happy to help!