Flood Insurance

Floods are the number one natural disaster in the United States. Ninety (90) percent of natural disasters declared by the President involve some sort of flooding. Flooding impacts homes and businesses across the nation, but contrary to popular belief, homeowners insurance does not cover flood damage.  The National Flood Insurance Program (NFIP) defines flood in four ways:

1. Overflow of inland or tidal waters
2. Unusual and rapid accumulation of runoff of surface waters from any source
3. Mudflow ( a river of liquid and flowing mud on the surfaces of normally dry land areas as when earth is carried by a current of water) or
4. Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipates cyclical levels that result in a flood as defined.

Do You Qualify for Flood Insurance?

Most people are unaware they qualify for flood insurance; however, you can take steps to reduce the financial impact of flooding before a disaster strikes.  With flood insurance, homeowners can cover up to $250,000 for the dwelling and $100,000 on contents, whereas renters can insure up to $100,000 in contents, and a non-residential property owner can insure a building and its contents up to $500,000 each.

Are You Living in a Flood Zone?

Most people believe that they are safe from floods; however, anywhere it rains it can flood. Flash floods can bring in walls of water 10-20 feet high within hours. In most cases, it takes 30 days after a flood policy is purchased to take effect, so it is important to have your policy in force before a storm approaches.

Contact Us About Flood Insurance

Call us today at 423-496-3366 or423-253-3524. An experienced Dickey McCay Insurance team member will be happy to answer your questions, help you with a quote, or assist you in getting a Flood Insurance policy, so you have peace of mind.