Flood Insurance

Floods can occur anywhere, anytime and in all parts of the United States. Roughly 25 percent of all flood insurance claims come from areas that are not considered a high risk. Floods are the #1 cause of natural disasters in the United States.

The federal government runs the National Flood Insurance Program (NFIP). The government draws a flood hazard boundary map that divides the country into flood zone risk areas, and their flood insurance rate map sets the coverage and premiums for those areas. This is why most home and property insurance policies typically do not cover flooding.

There is also a waiting period before your flood insurance coverage becomes effective. The standard waiting period is 30 days from the application and premium payment date. An exception to this rule is when flood insurance is required for a mortgage loan, in which case the effective date is the loan closing date.

Ultimately, you are not required to purchase flood insurance, but it’s the best available option to protect your property from the unexpected. There is no reason why you should place your home at risk when it can be protected.

Contact Yardley Insurance today and one of our agents will assist you in finding the best rate for flood insurance or answer any questions that you may have. You may contact us at (215) 860-8300.