The truth is, you can live miles away from water and still be a victim of flooding. More than one in five flood insurance claims occur outside of mapped high-risk areas. That's partly because it doesn't take a major body of water, or even a major storm, to cause flooding. Anything from a broken water main to a slow-moving rainstorm can cause flooding. In high-risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage.
The problem is widespread, and the solution is simple. About 100 private insurance companies nationally offer affordable flood insurance backed by the federal government. policies are available to homeowners, condo owners, apartment owners, renters and business owners alike.
If you live outside of a mapped high-risk area, a flood insurance policy can cost as little as $129 a year. That's a bit more than 30 cents a day to protect your property against a natural disaster that causes billions in property damage in the U.S. every year. Fortunately, even in the high-risk areas, the cost of flood insurance is affordable
Don't wait until it's too late. In most cases, it takes 30 days after purchase for a flood insurance policy to go into effect. So it's important to buy flood insurance before the storm approaches or the floodwaters start to rise.
Call us to assess your risk and for a quote today!!
Ed Olson Insurance Agency
277 Coon Rapids Blvd NW
Coon Rapids, MN 55433
Phone: 763 754-5561
Or use our contact form.
Discover the advantages of insuring with the Ed Olson Insurance Agency. Learn more.
Review us on Angie's List