Florida Insurance Blog

Why Do You Need Flood Insurance?

If you are a homeowner, you need to protect your home against a wide range of potential threats. One of these threats may be flooding. A flood can cause an enormous amount of damage to a home, and it can even destroy it. When you live in Tampa, FL, and need flood insurance, call us at Morgan Insurance Services today to find out more. 

Home Insurance and Flooding

Floods happen for different reasons, and many floods are excluded from coverage on home insurance policies. Even if you have good home insurance, you are still vulnerable in case of flooding. If your home were flooded, and you didn’t have a flood policy, it would be up to you to pay for all the repairs. That’s why you need to get a policy specifically for flooding. 

Why You Need It

Many people know about flood insurance but only choose it if their area is a high-risk flood zone. These zones are usually near water that has a tendency toward flooding. It may also be because the slope of the land leads to floods. Most people don’t know that about 20% of insurance claims for floods come from areas that are not in these high-risk zones. For this reason, the National Flood Insurance Program suggests everyone should have this insurance. This program backs flood insurance and sets a single price for the coverage that is the same for everyone. 

Cover Yourself Against Floods

No matter where you live, you could be a victim of flooding. You must have a flood insurance policy to protect yourself and your home. To get one, call Morgan Insurance Services in Tampa, FL to find out more and get started.