The purpose and value of flood insurance are well known. However, there are still misconceptions about flood insurance. It’s common knowledge that property owners in a flood zone must purchase flood insurance to protect their property. If you live in the Tucson, AZ, area, we encourage you to bring your flood insurance questions to our agents at The Insurance House. We’ve been providing area residents with exceptional customer service since 1963. We love an opportunity to discuss your insurance needs and help you discover how best to protect your assets.
Flood Insurance Myths and Facts
Some believe property owners in high-risk flood areas cannot buy flood insurance. However, the NFIP (National Flood Insurance Program), founded in 1968, states that properties in high-risk areas are mandated to buy flood insurance. However, it may have a higher premium than insurance for property that isn’t in such an area. Another misconception is that people aren’t allowed to buy insurance if their property has previously been flooded. However, you can purchase flood insurance if your community participates in NFIP.
You might be worried about flood insurance coverage for your basement. However, the NFIP allows the sale of flood insurance with basement coverage for cleanup expenses and for appliances that service the basement area. You should remember that if your basement has been refinished, the flood insurance won’t cover the replacement costs of the refinished walls or renovated floors.
Call Us Today for an Appointment
If you live in a flood zone, don’t leave your property’s protection up to chance. If you live near Tucson, AZ, you are invited to contact our agents at the Insurance House to discuss your property needs. Call us today for an appointment, and let us show you how we can provide your ideal insurance solutions.
