Flooded homeIt is that time of year, heavy rains and spring thaw can cause unexpected flooding, even if you are not in or near a flood plan, or body of water.  Homeowners and most business insurance DOES NOT cover flood losses, even if you carry sump pump or water back up coverage. Check these facts out - give TDA Insurance and Financial a call at 877-832-6690 to review your options and protect your home and belongings! 

Flood Insurance Information:
  • A building does not need to be located near water to experience a flood. Floods can occur almost anywhere and at any time
  • Flash floods, inland flooding, and seasonal storms bring flooding to every region of the country
  • Just inches of water can cause tens of thousands of dollars in damage
  • A flood insurance policy compensates homeowners, renters, and business owners for all covered losses, and unlike a disaster loan, there is no payback requirement
  • The National Flood Insurance Program (NFIP) requires a 30-day waiting period for the policy to become effective, unless the policy is for a loan closing
  • The NFIP writes flood coverage in all flood zones
  • Buildings with prior flood losses can purchase a policy from the NFIP
  • About 25% of all flood insurance claims come from low- to moderate-risk areas
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