Some homes sit in high-risk areas for water damage. Other residences are located in a moderate-or low-risk location. Regardless of your home's location, you might consider purchasing flood insurance to protect yourself from the financial loss that can result from water damage.
Limitations of Disaster Relief
If you are not insured when a catastrophic event occurs, you will be left to either repair the damage on your own or hope the state or federal government issues an official declaration of disaster. Without this official declaration, no assistance will be provided. Even with an official declaration, not all disasters will result in assistance awards to residents. You may only receive an offer for financing to cover your expenses, rather than funds for rebuilding and repairs.
When you purchase individual flood insurance coverage for your house, you have will receive greater protection in the event of a disaster in the form … Read More