Flood Insurance

Flood Insurance

Floods damage more homes, and interrupt more lives, than any other natural disaster in the United States. Flood damage can happen to anyone and normal homeowners insurance policies do not cover damage due to a flood. Over 20% of flood insurance claims are filed by people who live outside of the high risk areas and the aftermath of floods causes over $2 billion a year in property damage every year. If you live in an area that is in a flood zone, or is considered more likely to flood than others and have a mortgage, federal law requires you to have flood insurance. Even if you are not in a high risk zone, disasters can happen and your home could suffer from the effects of a flood. Don’t wait until it’s too late to talk to a Colorado insurance agent to find out about how Denver insurance services, such as flood insurance, can be customized to meet your needs and fit into your budget. Your flood insurance policy will generally require a 30 day waiting period before it is effective, so be sure to plan accordingly.

What Is Flood Insurance?

Flood insurance is available for homes and businesses that are located in communities that participate in the National Flood Insurance Program (NFIP) The NFIP is a federal program that offers and administers flood insurance for a modest cost, and top Denver insurance companies issue the flood insurance policies. There are currently more than 19,000 communities from all across the country that participate in the National Flood Insurance Program. Regardless of whether you live near the ocean or a river, or just in an area that gets lots of rain, flood insurance is ideal to protect your property and possessions.

How Do I Determine If I Need Flood Insurance?

In order to determine what type of flood insurance to purchase to protect your home and valuables, you first need to identify your Base Flood Elevation, or BFE, by consulting your local building authority in your area. The BFE is the expected flood level in your area. In many instances you can hire a licensed surveyor if you need help determining the lowest floor elevation on your home.

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Email Addressinfo@denverinsurance.com

Phone Address303.477.6500

Address Address2650 18th Street
Denver, CO 80211

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