A Flood Insurance Update

Outside the National Weather Service in Chanhassen, mounting snow piles lend credence to a growing concern. Service Hydrologist Craig Schmidt leads the north central river forecast center.(MSN). “Chances normally for reaching major flood is about 10%. This year. it’s about 80,” Schmidt said.

Many homeowners decide to go without flood insurance. Some people figure the odds are low that anything will happen, while other people think that a flood is covered under their current policy. 

If your home is in a flood zone, the National Flood Insurance Program (NFIP) offers coverage and we can help you secure affordable coverage. If you have property that had grandfathered rates, we can offer help. We will review your property and location and review the NFIP and other private markets with whom we have relationships with. We bring our expertise to provide you with the best possible combination of coverage, price, and service.

We offer free, comparative quotes on flood insurance from multiple insurance carriers so you can get the best possible rate.

Flood insurance is all about understanding risks, and not every business or homeowner is equally at risk for flood losses. Your risks depend on how close you live to rivers, streams, lakes or flood zones, or how well your home was built to withstand losses. Some mortgage companies may even require flood insurance, depending on where your home is located. The last thing we want is for you to be knee-deep in water without the proper insurance.

When disaster strikes, flood insurance policyholder claims are paid even if a disaster is not federally declared. Flood insurance means you'll be reimbursed for all your covered losses. And unlike Federal aid, it never has to be repaid.

In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it's already too late. You will not be insured if you buy a policy a few days before a flood.

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Call our professional staff today for more information. Don’t wait till your knee deep in water!