The Facts About Flood Insurance

Some beautiful cities in Massachusetts sit close to a body of water. Whether it’s the Atlantic or anywhere else, it can be dangerous when these bodies of water start to flood. This is why it is incredibly advantageous to have flood insurance on your home. Rather than panic about determining whether you have sufficient coverage, Yankee Insurance is here to help you every step of the way.

Is Flood Insurance required?

FEMA establishes flood zones regularly to determine what areas are most likely to flood. Your home insurance company will identify whether you are in a flood zone or not. If you are in a flood zone, it may be mandatory for you to have flood insurance, especially if you still have a mortgage on your property.

Even if it is not required, it can still be a good idea to have flood insurance. The reason for this is because you never know how much water could land on your property. If there is a significant amount of rainfall, your property may not be able to drain it away quickly enough. If it starts to enter your home, damages may not be covered by your standard home insurance policy.

Buying the Right Policy

When you start to shop the various flood insurance products, it can be overwhelming. You want to make sure that you comply with all Massachusetts laws and regulations. You also want to make sure that you have enough coverage so that repairs can be made to your home in the event a significant amount of floodwater does enter.

There are all sorts of add-ons that can be made to your home insurance policy. Since floods are not generally covered, you want to make sure that you get the coverage needed so that you can file a claim with the insurance company.

When you are ready to explore flood insurance in depth, contact us at Yankee Insurance for personalized assistance.