Flood Insurance in Acworth, GA
Acworth certainly sees its fair share of major rain storms during the summer. Just because our city isn’t considered a high-risk zone for flooding doesn’t mean you shouldn’t worry about these. Floods and flash floods can occur anywhere and just an inch of water can cause major damage to your property that isn’t in your budget to replace or repair. In fact, in the U.S. alone, flood-related losses cost people more than a billion dollars a year. If a flood ever damages your house, car, or other property, you may be devastated to find out that this event isn’t covered under your insurance. In fact, water damage to valuables must be bought through another separate policy called flood insurance.
Understanding your flood risk and what flood insurance typically protects can help you choose coverage that meets your needs. Here are some facts you should know:
-Nearly 25% of all flood insurance claims come from areas not considered ”high risk”
-The average flood loss is $45,000
-Flood insurance can help protect you even if a federal disaster isn’t declared. In fact, less than 50% of all flooding incidents are awarded a Federal Disaster Assistance declaration, and most disaster assistance is provided in the form of a loan that must be repaid with interest.
Flood insurance provides protection for destruction and financial devastation caused by floods. Flood coverage offers protection against losses that result from heavy and lengthy rain falls, storm surges, blocked storm drainage systems, snow melts, and more. Although it may not seem as necessary as homeowners insurance, flood insurance is important if you want to keep your home safe and your possessions secure.
Just because you haven’t experienced a flood in the past doesn’t mean you won’t in the future. Be prepared by contacting Founders Insurance Group today. It is crucial to act now because there is a waiting period before your flood insurance policy goes into effect – typically 30 days from the application and premium payment date. However, if flood insurance is required for your mortgage loan, you may not have to wait 30 days. Usually, the loan closing date will be the effective date. Let us work for you to get the best quotes to maximize coverage and minimize price! Contact us today by calling 770-592-3132.
Please contact Founders Insurance Group
if you would like to discuss your insurance needs.