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Flood Coverage Isn't Standard
Should you be concerned about flooding for your business or home? The easy answer is yes. To quote information from the federal government's National Flood Insurance Program, "All areas are susceptible to flooding, although to varying degrees. It is advisable to have flood insurance in high-risk areas and even low-to-moderate flood risk areas; between 20 and 25 percent of NFIP's claims come from outside high-risk areas."
You don't have to be located alongside a river, lake or ocean to need flood coverage. Flood hazard zones have changed over time, and your property - if once outside of a high-risk flood zone - might now be inside of one. Adding to concerns, old levee systems may not provide the protection they once did, and commercial and residential development has altered water flow and absorption patterns.
Floods can waterlog a business or residence, damage interiors with contaminated waters, or wash away enire buildings. Outside of a flood policy, your business or home would have no coverage.
Many businesses and residents in New Jersey, New York and Pennsylvania found this out the hard way when heavy rains, hurricans and tornados hit this past summer.
Contact Boynton and Boynton insurance to review NFIP flood maps and discuss your exposure to flood risks. Our insurance advisors can help you find a policy that best meets your business or homeowner needs.
Call 1-800-822-0262
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