Looking for the Best Flood Insurance Denver, CO Has to Offer?
When most people think of a flood, they might think of events like Hurricane Katrina, or Hurricane Sandy. These were huge devastating storms that caused billions of dollars in damage. For a resident of Colorado, preparing for an event like this would likely not cross your mind. However, with mudslides and heavy rains a very real possibility, you shouldn’t ignore the opportunity to proactively prepare for the chance of flooding.
In reality, most floods are caused by far less catastrophic situations. In fact, it only takes a few inches of standing water to cause tens of thousands of dollars in damage. Although something as intense as a hurricane wouldn’t pass through the state, the likelihood of being a victim of a flash flood is a much more common occurrence.
If you’re looking for flood insurance in Colorado we’ve got you covered. Did you know that every single house in the entire country is in a FEMA flood zone? Of course, some flood zones are worse than others. A quick search for a FEMA flood map will give you insight to what kind of flood hazards your property can be exposed to, such as living near easily floodable rivers or creeks.
In most situations, you will have a 30 day waiting period when you buy flood insurance, so don’t wait until it’s too late! You will want to be covered before an emergency happens.
Homeowners Insurance Does NOT Cover Flood Damage
Many people are unaware that regular homeowner’s insurance does not automatically provide flood insurance, nor is it even required for most. Regardless of whether you live in Denver or any other part of Colorado, flood insurance has to be purchased as a separate, stand-alone policy.
Not only does flood insurance provide you a sense of peace knowing your home and belongings are covered from flood damage, but flood insurance policies also reimburse you for the work that you and other family members did to sandbag your homes, move furniture and remove debris. Talk to your insurance agent about the benefits of extra coverage provided by obtaining a flood insurance policy.
If you live in certain flood zones, your mortgage company may require that you purchase a flood insurance policy. If you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional. Consult with your agent to find the best course of action for tackling flood insurance.