Flooding Is Not Covered Under Your Homeowners Policy!!

The recent flooding throughout Oklahoma has been devastating. . .and it looks like even more rain is in store for the days ahead. So many people are under the misconception their homeowners policy will protect them following a flooding event, but here's the unpleasant truth:  FLOODING IS NOT COVERED UNDER THE HOMEOWNERS POLICY!  Damage from floodwaters is specifically excluded on all homeowners policies (as well as most business insurance policies).

You must buy flood insurance to be protected from this very costly peril.  Flood insurance is offered by the federal government under the National Flood Insurance Program (NFIP).  To learn more about NFIP please click here.

If you've recently purchased a home or business that resides in a flood plain, you already have a flood insurance policy (providing you had to take out a mortgage).  Lenders will not approve a mortgage for a property in a flood zone without flood insurance.  But if you bought your home decades ago, you more than likely don't have this protection.  And if you have a home or business that's NOT in a flood plain, it's prudent and smart to still buy flood insurance.  Keep in mind flooding can occur ANYWHERE; all it takes is too much moisture on already-saturated ground.  Flooding occurs in all 50 states, making flood insurance vital!  At Figley-Salz, we can broker flood insurance.  For a quote--or to learn more--call us today!