Mobile website

This Week at Alder & Cox

Always Keeping You Informed

We're Here For You

Email Contact us Quotes

Are You Insured if Your Home Floods?

March 20, 2017

Flood Insurance

Is Your Home Insured for Flood Loss?

If there were a flood today, would you be protected? Making sure you have adequate coverage in place now can save you time and money from the most catastrophic natural events in the U.S. Remember, anywhere it rains, it can flood.

Just a few inches of water can cause hundreds and thousands of dollars in damage. Over the past 10 years, the average flood claim has amounted to over $33,000 the National Flood Insurance Program (NFIP) reported. Typically there is a 30-day waiting period - from the date of purchase- before the new NFIP policy goes into effect, for it's important to act now, before the water rises.

Homeowners Policy Is Not Always Enough

Most people don't realize their home insurance policy doesn't cover damages from flooding. The good news, the NFIP provides coverage to its policyholders for up to $250,000 for the structure of the home and up to $100,000 for personal possessions. Homeowners living in a designated flood area should consider additional insurance protection, known as excess coverage, over and above the basic policy or for people whose communities don't participate in the NFIP.

Video courtesy of Insurance Information Institute
 insurance in Chattanooga

Get started now on a free, no-obligation

Flood Insurance Quote

More From This Week

Spring Break Shoes

Spring Break is here!

Protect your home sweet home while you are away. Here are some valuable tips that will keep your home protected during your spring break vacation.  More »

Lake House

Keep Your Basement Dry

Spring rains can put your home at risk of flooding. Here are some tips to keep your sump pump working and your basement dry.  More »

Cell Phone

Cell phones and emergencies

Cell phone coverage is often the first utility to be restored after a weather emergency. What was once a luxury form of communication is now often back in service before power & landlines.  More »

Dog Bite Liability

Be a responsible dog owner

We all love our furry four-legged best friends, but they may not always behave like we’d expect, especially around strangers or children.  More »

From our blog

Protect yourself from Carbon Monoxide at Home and at Work – Every year, according to the Centers for Disease Control and...   more »

Home  |  About  |  Contact  |  Service  |  Privacy  |  Disclaimer  |  Search

© 2018 Alder & Cox Insurance

2110 Northpoint Blvd
Hixson, TN 37343