Standard renters or homeowner insurance doesn't cover flood losses. Are you ready if a flood happens?
Do you need flood insurance?
Many people have the obsolete belief that flood insurance is only needed if you live in a flood prone area. The new reality is- anywhere it rains, it can flood.
If you hear the term "flood zone," you may think that it refers to locations that are particularly vulnerable to flooding. Wherever you live in Virginia or North Carolina, you live in a flood zone. While your area may have a lower chance of flooding than a property situated on a body of water, your area could still experience flooding. So, if you've insured yourself against fire, wind and other causes of loss, it certainly makes sense to also protect yourself from the potential of a flood loss.
Is a flood likely?
A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, overtopped levees, outdated or clogged drainage systems and rapid accumulation of rainfall. This often makes chances of a flood loss higher than a loss from fires or windstorms.
Towne Insurance can help you with detailed information on the National Flood Insurance Program (NFIP) and in getting the coverage you need in the face of a flood.
Typically, it takes 30 days for a flood policy to take effect, so don't wait for a hurricane.