When buying a home for the first time, you’ll quickly learn that many types of insurance can protect residential structures. Homeowners insurance is only one type of insurance you may need. You may also be required to get flood insurance.
If you have questions about flood insurance, the professionals at The Insurance House servicing Tucson, AZ can help. We provide a range of insurance types, including flood insurance. We’re here to help! Here’s what you need to know.
What Is Flood Insurance?
Flood insurance is a type of insurance that can help you during the recovery after a flood occurs. The National Flood Insurance Program (NFIP) is managed by the federal government and is delivered to homeowners through private insurance companies. You can get flood insurance through your agent at The Insurance House.
Who Needs Flood Insurance?
If you have a government-backed mortgage and live in a high-risk flood area, you must get flood insurance to keep your mortgage. Even if you aren’t required to get flood insurance through your insurance provider, you can still benefit from flood insurance if you live in a high-risk flood area. Having flood insurance can give you peace of mind and also help pay for the recovery when a flood occurs.
Do I Have to Get Flood Insurance to Get a Mortgage?
Your insurance lender will let you know if you need flood insurance to get a mortgage. At The Insurance House, servicing Tucson, AZ, we can help you get the policy you need to buy the house you want. Are you interested in flood insurance for your new home? Call us today to get started with your flood insurance policy.
