Flood Insurance: Are You Protected?

With unprecedented flooding up and down the East Coast, it's a perfect time to review your insurance coverage and make sure you and your family are protected. Floods are the most common natural disaster in the United States. If your home or business is flooded, are you protected? Don't wait until a disaster to find out.

Floods occur anywhere, even in places thought to be low-risk. In fact, a quarter of all claims paid by the National Flood Insurance Program are on policies in communities considered to be minimal-risk locations. New housing developments are especially susceptible, particularly if natural runoff paths have been diverted or trees have been leveled to make room for houses.

Unfortunately, your homeowner’s insurance policy won’t cover flood damage to your home or property. Only flood insurance will cover losses in the event of a flood.  Is your home covered in case of flood? Don't wait until you need it to find out.
 

Getting Coverage

To help you protect your residence or commercial building, Erie Insurance has partnered with American Bankers to offer flood insurance. American Bankers consistently receives excellent ratings for financial strength from A.M. Best credit rating organization.

Flood insurance for your home or business is also available through the Federal Emergency Management Agency’s National Flood Insurance Program.

If you do purchase flood insurance, study your policy thoroughly so there will be no surprises. Flood insurance policies have at least a 30-day waiting period before they take effect. Start the process now — before the waters start to rise.

For more information, contact the professionals at Morris Insurance Services. We are happy to help review your current coverages and help you find the righ solution.