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Flood Insurance Facts You Need to Know in Manor PA & Glendale Arizona

Flood Insurance Facts You Need to Know in Manor PA & Glendale Arizona

Flood insurance is crucial for protecting your property in Manor PA & Glendale Arizona from the financial impact of flooding, but there are many important facts to understand before purchasing or renewing your policy. Here are some key things you should know:

1. Flood Insurance is Not Covered by Standard Homeowners Insurance

  • Most standard homeowners insurance policies do not cover flooding. If you live in an area prone to floods or near a body of water, you'll need a separate flood insurance policy.

2. National Flood Insurance Program (NFIP)

  • In the U.S., the National Flood Insurance Program (NFIP) is managed by FEMA and provides flood insurance to property owners, renters, and businesses. While it's the most common type of flood insurance, it may not cover all types of damage or costs.

3. Flood Insurance Requirements

  • If you live in a high-risk flood zone, you're typically required to buy flood insurance. Even if you're not in a high-risk area, you can still purchase coverage.

5. Flood Zones & Risk Assessment

  • Flood insurance rates are based on your flood risk, which is determined by the flood zone your property is located in. Zones are designated by FEMA and range from low to high-risk areas. The higher the flood risk, the more expensive the insurance premium.

The agents at OHL Insurance and Financial Services can help you understand these facts and help you make informed decisions about your Manor PA & Glendale Arizona flood insurance and ensure you're adequately protected.

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