Flooding is the nation's most common natural disaster. Just a single inch of water from flooding can cause costly damage to your home.
According to the Federal Emergency Management Agency (FEMA), thirty percent of flood claims are filed by people living in moderate- or low-risk areas; whether you are inland or near the coastline.
A standard homeowners policy does not cover damages from flooding. McMahon Insurance Agency is underwritten by the National Flood Insurance Program (NFIP) and can provide coverage for losses to your property caused by rising water which your homeowners insurance excludes.
A separate flood policy is needed to cover losses to your property caused by flooding, which provides coverage for things such as:
- Structural damage
- Furnace, water heater and central air-conditioning
- Flood debris clean up
- Electrical and plumbing systems
Are you in a flood zone? What are your flood options? Don’t wait for a rainy day to learn about the affordable ways McMahon Insurance Agency can help to protect our home and its contents.
In addition, you can purchase separate coverage that insures most of your personal property and belongings up to a specified limit, applying to your:
- Air Conditioners
- Area Rugs
- Clothing
- Computers & Home Electronics
- Decorative Items
- Furniture, Housewares & Bedding
- Lamps & Lighting Fixtures
- Washer & Dryers
In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you want to purchase coverage, it’s already too late. You will not be insured if you buy a policy a few days before a flood. However, if your lender requires flood insurance in connection with the making, increasing, extending or renewing of your loan, there is no waiting period.
We’re Here to Help
A flood insurance policy is affordable and offers invaluable peace of mind. For more information on the flood risk for your area, visit Floodsmart.gov or contact us today at (609) 399-0060 to learn more about your coverage options.
Renters:
Flood policies through McMahon Insurance are also available to insure you against losses to your personal property not covered by your renter’s insurance. Be sure to ask us what flood coverage we recommend for you.