Kingston, PA flood insurance agents, from Heffers Insurance Agency, provide flood insurance quotes. Homeowners may not be aware that their homeowner’s insurance policy does not cover flood damage. Flood insurance is a separate policy.
High-Risk Flood Areas
Any property, including residences and buildings that are in a high-risk flood area with a mortgage from a lender that is either federally insured or federally regulated must have flood insurance. Other lenders that are not in federal programs may also require flood insurance for these properties. Federal studies show that a property in a high-risk flood area has a chance of experiencing flood damage up to four times during the typical thirty-year mortgage period.
Pennsylvania State Requirements
Insurance requirements differ from state to state, so there may be state requirements for a particular area. It is best to contact us to find out if there are any particular special Pennsylvania state requirements for flood insurance for a particular property.
Low-to-Moderate Risk Areas
Homes in low to moderate risk areas are not required to have flood insurance. Nevertheless, Floodsmart.gov reports that twenty percent of flood loss claims come from homes or buildings in low to moderate risk areas.
At Heffers Insurance Agency, we are Independent insurance agents that are specialists in flood insurance. We are able to determine quickly if a property is in a low, moderate, or high-risk flood area and then give you a free quote for flood insurance.
Peace of Mind
Flood insurance offers peace of mind for both homeowners and commercial property owners because, who knows what surprising weather changes may come from the problem of global warming. Even if it is not a requirement to have flood insurance, it is still probably a good idea to get it, just to be safe.