The Phoenix Valley lies in a desert area and generally has a hot, dry climate. Yet, at certain times of the year, the skies open up, producing torrential rain that produces downwashes to produce floods. Regular homeowner’s policies won’t protect your property if flood waters damage it. The experienced agents at Alliance Insurance Partners serving Scottsdale, AZ can help you choose the right comprehensive flood coverage policy to protect your home.
Is Flood Insurance Necessary?
Depending on where you live, your mortgage lender may require you to buy flood insurance if your home is on land that has a high risk of flooding. A significant percentage of Valley homes are at risk of floods. Yet, even homes that are not in flood plains have the potential to flood. The Federal Emergency Management Agency (FEMA) indicates that more than 20% of claims come from low- to moderate-risk areas. Comprehensive flood insurance can help protect your home and its belongings if an unexpected flood occurs from rainwater rushing through washes, stormwater that breaches the interior of your home following storms with high winds, and similar events.
Who Issues Flood Insurance?
The National Flood Insurance Program (NFIP) covers your home’s structure and interior belongings. Coverage for your building’s structure is based on the replacement cost, while insurance for your belongings is at actual face value. If you have a luxury property with a high value, you may need a policy for a private insurer to cover your costs. Private policies can either supplement NFIP policies or replace them.
Get Peace of Mind With a Flood Insurance Policy
Get the right amount of comprehensive insurance coverage through the knowledgeable agents at Alliance Insurance Partners. They’ll recommend a policy for your Scottsdale, AZ home to give you peace of mind.