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This
is an Insurance article by an independent author and jml
Insurance takes no responsibility for its accuracy or content Flood
Insurance By Max
Bellamy Flooding
is a very real concern for millions of people. For that reason, federal laws in
locations designated as Special Flood Hazard Areas often require flood insurance. Due
to this very serious concern, Congress created a National Flood Insurance Program
(NFIP) in 1968. NFIP monitors possible flood hazards and forces communities to
repair weaknesses in their flood protection to help prevent serious flood damage.
Additionally, NFIP’s partner communities all have federally-backed flood insurance
as an option for any resident. This
is very important because many homeowners don’t realize that flood damage is not
covered under their homeowners’ insurance policy. There is often coverage for
storm surges, but if it’s followed by flooding (as was the case during hurricane
Katrina), then the insurance company will deny any responsibility for damages. Every
flood risk location is monitored because the severity of the weakness does not
make a low-risk area completely safe. In fact, FEMA says that 25% of all flood
insurance claims are filed in areas of low to moderate risk. If
you live in an area with a possibility of flooding, you should seriously consider
purchasing flood insurance. You may expect Federal disaster relief should a flood
come, but you should be aware that this relief is only offered if the President
formally declares the flood a disaster. Flood
insurance policy holders are paid regardless of a formal declaration of disaster.
Also, even if you receive disaster relief, it is a loan that you are expected
to repay with interest while still paying any mortgages that you may have on the
damaged property. Living
in a flood-risk area without flood insurance is dangerous. Remember, you must
have a policy for 30 days before your coverage actually begins. If you think you
may be in for a storm and decide to take out a policy, you won’t be covered. Get
your insurance sooner, rather than later. Don’t leave yourself unprotected against
tragedy. Floods
provides detailed information on Floods, Flood Insurance, Flood Zones, Flash Floods
and more. Floods is affiliated with Basement
Remodeling. Article
Source: http://EzineArticles.com/?expert=Max_Bellamy The
information supplied on this page is by a third party and jml Property Services
do not take any responsibility to its accuracy ©jmlpropertyservices 11/06
See
also: Flood
Risk Warning from HomeLet Landlord and Tenant Insurance - March 2012 Insurance
companies offering flood insurance cover - February 2012 Insurance
bill for October 2011 floods in Ireland reaches €127 million - February 2012 
Flood
Insurance - Questions and Answers - November 2011 More
flooding in the South of France kills 3 - November 2011 Flooding
causes chaos in Dublin - Ireland - October 2011 Flood
Risk Home Insurance - October 2011 Chippen
Campden flood letter - October 2011 Flooding
in Goole east Yorkshire - August 2011 Flood
damaged Property Insurance might soon be needed again - July 2011 Problem
property building and contents insurance solved in high risk flood area post code
Zone - July 2011 Flooding
Memphis as Mississipi River crested 48ft in USA - May 2011 A
testimonial for flood cover insurance - April 2011 Flood
victims in Cumbria may not be able to get insurance cover - March 2011 Insurance
premium increases after claim for flooding - January 2011 Flood
Victims - January 2011 Mary
Dhonau resigns from the National Flood Forum - December 2010 Councillor
wants to build houses in flood risk area in Clare County Ireland - December 2010 
Drying Flooded Buildings -DCLG December 2010
UK
flood damage costs up 200% - November 2010 Double
Whammy for Flood Victims - November 2010 UK
flood damage costs up 200% - November 2010 Flood
Line Action Groups – Help is here - October 2010 Insurance
expert helps a lady in Ulverston, Cumbria - October 2010 Policy
holders face the backlash of the floods - June 2010
ABI
calls for flood defences spending to help boost economy - November 2008
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