Do you have home or business insurance in Hanover, PA? If yes, that the right investment to protect your home or business. However, your current standard insurance doesn’t protect you against flood damage. As a result, you may need a stand-alone flood insurance plan from Weber Insurance to protect your home or business from flood damage.
Flood insurance in Pennsylvania is available under the National Flood Insurance Program (NFIP). However, flood insurance can also be purchased through private insurance plans. Typical flood insurance from NFIP covers your building structure up to $250,000 and $100,000 for the contents. However, you can increase the coverage by topping up your premiums.
Pro-tip: Because flood insurance takes up to 30 days to take effect, it’s wise to consider the waiting period when purchasing flood insurance.
Does everyone need flood insurance? What if I don’t live in a flood plain area? While flood insurance isn’t mandatory in Pennsylvania, home lenders may require you to purchase one if your home is located in a flood-risk area. While you may not use flood insurance most of the time, you will be glad you purchased it when water levels from hurricanes and heavy rains threaten your building.
Even if your house isn’t located in a flood-risk area, you may need to consider some type of flood insurance. Why? According to FEMA, at least 20% of flood insurance claims are from residents living outside the high flood-risk areas!
Did you know that 98% of US states have been impacted by floods at some point? Did you also know that Pennsylvania State experiences more than 50 incidences of floods every year? Given that the risk of flood damage is real, you need to protect your home or business with flood insurance from Weber Insurance of Hanover, PA. Contact us today for a quote.