The Need for Flood Insurance Is Real

Unfortunately for Californians, this year’s floods are there. As expected, the rains came from our long and long drought. After three years, the rain gods responded.

A common misconception in California is that only people in the Midwest need flood protection and that is a bad argument. Although the floods we get in California are different, they are certainly not nonexistent.

Fortunately for many San Francisco Bay residents, flood insurance may be cheap for you if you live in a good flood zone and your community participates in the otherwise known national flood insurance program. under the name of NFIP. National Flood Ins is primarily underwritten by the United States national government through the Department of Homeland Security.

Customers living in flood zones A and V will unfortunately pay much more in flood insurance. Sometimes more than 9 or even 10 times that cost. There are, of course, many other valuation factors, such as the exact elevation of your home and the foundations you have. Customers living in these so-called high-risk flood zones are increasingly charged with a Herculean task of paying the prices of the floods that would make the average consumer cry. Believe me it’s a high number

In a recent article on CNBC, now titled The California floods at El Nino occupy roofers and insurers. The article gives the impression that insurance can only be obtained for 400 or 500 dollars. And while this may be true for some, it is not the case for those who live in high risk flood insurance. The price of $ 400 is generally the most associated with what is known as the preferential price, to which many customers can and will be eligible.

What should a customer do who lives in a high-risk flood zone in California? Purchases with flood insurance are unlikely to help them as much as with regular home insurance (home insurance). However, there are certain times when a private flood provider may make sense. Many agents are unaware of these options.

Note that floods are almost NEVER covered by your regular home insurance. Another special note is that a new flood insurance policy will usually require a thirty-day waiting period before coming into effect.

So, is it too late to buy flood insurance, Califorians? Personally, I don’t think so, but it’s getting closer. Hurry up.

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