Flood Insurance in New York

When it comes to an issue of flood damage, especially in areas around New York, the truth is it can happen to any business, home, or waterfront home. The reason for this can be several reasons like broken water pipes, rapid precipitation accumulation, or damage from snowfall. And, with the changing weather conditions, rapid water accumulation can also occur. While there may not be any common ground, as to the reasons why weather patterns change, the truth remains that floods are among the top natural disasters that cause the highest property damage compared to other natural disasters. However, it is essential to note that flood damage is not covered in the homeowner’s policy, and therefore flood insurance is so important.

So, what is flood insurance?

Since homeowner’s insurance does not cater for any flood damages, flood insurance is offered as an additional insurance policy that is designed to provide extra protection for your belongings and home. Anyone can acquire flood insurance, but your property must be situated in a community that takes part in the Flood Insurance Program. This enables the U.S. government to pre-set the premiums, making it possible for the insurance rate to be the same at any insurer.

What does flood insurance cover?

• Flood insurance covers the direct physical losses you incur from floods. It also includes the damages that result from any form of flood-related erosions that are caused by currents of water or waves and accompanied by flash floods, severe storm, an abnormal tide surge, or any other situation that results to flooding.
• It covers the contents and structure of your home. This includes your home and its foundation.
• It also covers the loss of your car, but this is done under an optional comprehensive insurance portion of an automobile insurance policy.

At Acme Insurance Brokerage, we have access to multiple insurance companies and we'll find you a policy that best suits your needs. Be sure to give us a call at our office, email us, or stop in today for any inquiries you might have at no cost at all.