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Hi I am Eric most of Most Insurance. We are often asked, we hear this question all the
time, "I am not in
a flood zone, so do I really need flood insurance?" Well here is the deal, everybody, I repeat
everybody
in the entire country is in a flood zone. You might just be a preferred risk flood zone.
Here's the great
news that means your cost is really really really reduced. So, do you need a flood policy
even though
you're in a preferred risk flood zone.....Absolutely.
38% of all flood claims nationally happen in preferred risk flood zones. 38%! We are
headquartered here
in Florida and you may be as well. In Florida, that number is significantly higher because
there is not too
much flooding in Las Vegas, Nevada, but there is some. So you live in a zone that you're
not required
to have flood insurance by your mortgage lender. Should you still get it? Absolutely. For a
$250,000
policy for your dwelling, the exterior of the house, and with $100,000 worth of contents,
the cost is less
than $400 a year. So yes get that flood insurance policy. Because you will be surprised by the
number of
claims that are made and then are not covered because of flooding. You see, flooding is
defined as all
rising water. So it's not gonna happen when the rain is coming down, your covered. But
when that water
floods, when it breaks the river, breaks the levee, and comes in, you're not gonna have
coverage if that
water has raised up and has flooded your house.
So go out there, get a flood insurance policy, Hope this helps. Have a good one.