Flood Insurance

Flood insurance is a vital component of any homeowner's insurance policy, especially in the state of New Hampshire. The state is known for its unpredictable weather patterns, and heavy rains and storms can cause significant damage to properties. 

As a homeowner, it's important to understand that a standard homeowners insurance policy does not typically cover flood damage. Many people mistakenly assume that their policy will protect them from all types of water damage, including flooding, but this is not the case. In fact, flood insurance is often sold as a separate policy, and there are several reasons why it's important to consider adding it to your coverage.

• Flood damage is not covered by a standard homeowners policy: While a standard homeowners policy will generally cover water damage caused by burst pipes or leaky roofs, it will not cover damage caused by flooding. This means that if your home is flooded, you will be responsible for covering the costs of repair and replacement out of your own pocket. Adding flood insurance to your policy can help provide you with the protection you need in case of a flood.
• Floods can happen anywhere: Many people mistakenly assume that they don't need flood insurance because they don't live in a high-risk flood zone. However, floods can happen anywhere, and even a few inches of water can cause significant damage to your home. In fact, over 20% of flood insurance claims come from properties outside of high-risk flood zones. This means that even if you don't live in an area that is considered high-risk, it's still important to consider adding flood insurance to your policy.
• Federal disaster assistance is not always available: In the event of a flood, you may be eligible for federal disaster assistance. However, this assistance is not always available, and it may not cover all of your losses. In addition, federal disaster assistance is typically in the form of a loan that must be repaid, which can create a significant financial burden. Flood insurance provides a reliable and consistent source of financial protection in the event of a flood.
• Flood insurance is affordable: Many people assume that flood insurance is expensive, but this is not always the case. In fact, the average cost of flood insurance is around $700 per year. This is a small price to pay for the peace of mind that comes with knowing that you are protected in case of a flood.
• It's easy to add to your policy: Adding flood insurance to your homeowners policy is typically a simple process. You can contact us to learn more about your options and get a quote for coverage. In most cases, you can add flood insurance to your policy for a reasonable cost, and you can customize your coverage to meet your specific needs.