Floods can strike at any time, even in areas where rainfall is less common. Major storms and excessive melting snow are capable of causing thousands of dollars worth of damage just from water. However, standard homeowner’s insurance usually doesn’t cover flood damage. Even still, in certain high-risk areas of America, flood insurance is legally mandated on all federally backed mortgages.
If you do not live in one of these regions, it may still be crucial for you to secure your home’s security with adequate flood insurance. Any mortgage lender or creditor has the right and ability to insist on you maintaining and providing proof of flood insurance before ever allowing you to purchase a house.
For everyone else, even those living in low-risk areas unlikely to flood, FEMA still recommends optional flood insurance. Since 1978, over a quarter of homes with flood damage have been in low to moderate flood-risk zones. Weather alerts are a great way to keep informed, no matter what region you inhabit.
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