Everyone Needs Flood Insurance

While your homeowners insurance policy will provide coverage for many situations, it does not cover all perils, including floods. The only way to ensure that your home and assets are covered in case of a flood, you have to invest in a specific flood insurance policy.

Unlike other insurance policies, a flood insurance policy has a 30 day waiting period before it goes into effect. Due to the waiting period, it is important to invest in a policy as soon as possible so that you can start receiving coverage as soon as possible.

A typical flood insurance policy will provide coverage for the structure of your house as well as all of your assets inside the home. Coverage for your belongings is an additional coverage option in some areas, which is why it is important to ask your insurance agent if you are covered. There are some items that the policy does not cover, however, such as vehicles, machinery, liquid storage tanks, and damage that is done to the property.

The cost of a flood insurance policy depends on different factors. The two main factors that are taken into consideration when deciding on a premium price is the amount of coverage you desire and the location of your home. If your home is in a high risk area, the premiums will be more expensive than if you lived in a moderate to low risk area.

For all of your flood insurance needs throughout Arizona, contact the insurance professionals at Aimpro Insurance in Phoenix. As an independent insurance agency, we will work with you to create a personalized policy that will offer the right amount of insurance for your specific situation, all at the right price to fit your budget.