Most people aren’t aware that flood damage is not typically covered in a standard homeowners insurance policy until it’s too late. Unfortunately, you don’t need to live near water to be at risk for flood related losses. According to the National Flood Insurance Program (NFIP), 90 percent of all natural disasters in the United States involve flooding. And 20% of all flood claims are filed in low to moderate risk areas. Even just a few inches of water inside your home can cause tens of thousands of dollars in damage. This means that it’s critical to know your coverage options and protect yourself from this financially devastating threat.
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