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Flood Insurance in Ohio
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Did you know that by living in a high-risk flood area, you have a one in four chance of your home being affected by flooding during your 30-year mortgage? If you live in Ohio, especially in an area that is at an increased risk of flooding, it would be advantageous for you to buy flood insurance.
Your homeowner's insurance does not cover damage or losses caused by floods, which is another reason to get flood insurance. Even if you do not live near a body of water, there are certain weather phenomenon that can cause flooding including heavy rains and rapid snow melt. Hurricanes are another type of storm that can cause flooding and affect the residents of Ohio.
To qualify for flood insurance, your home or business does not have to be located in a floodplain. The only stipulation is that the community in which you live belongs to the National Flood Insurance Program (NFIP). Many communities in Ohio belong to this program. Licensed independent insurance agents located throughout Ohio can sell flood insurance.
There is usually a 30-day waiting period from the time you purchase your flood insurance policy until it takes effect. There are some exceptions to this, and your Columbus, OH flood insurance agents, will be able to let you know what they are. It is also important to remember that basements have limited coverage. Typically, things that get covered by flood insurance include: furnishings and personal contents of the home, electrical and plumbing systems, permanently installed carpeting and paneling, and removal of debris.
Keystone Insurance Agency, LLC has independent insurance agents available in Ohio. If you have any questions about getting a flood insurance policy and how it can help to protect your home, your Columbus, OH flood insurance agents can help.