Securing a home and flood insurance is crucial when you buy a house. Without flood insurance, you leave yourself susceptible to a widespread disaster that can annihilate a dwelling. Flood insurance often gets overlooked, but this oversight can lead to catastrophic financial loss in the event of a flood. Floods can be incredibly damaging, and it’s crucial that you’re protected against this risk. Contact us at Craig Insurance Group in Raleigh, NC to initiate a policy.

Flood Zones

Many areas, specifically those adjacent to water bodies, are identified as flood zones. These areas are predicted to endure floods within a certain time frame, like every 20 or 50 years. Typically, homeowners in these areas are required to purchase flood insurance to safeguard their property. However, floods can occur anywhere, not just flood-prone areas. Being financially unprepared for such an event is easier than you might think.

Flood Claims

While most flood claims originate from flood zones, not all do. Roughly 20% of claims come from areas non-designated as flood zones, which implies that one out of five flood claims ensue from regions where the necessity for flood insurance might be underestimated. Being financially prepared is always the best course of action when faced with potential flooding that can severely damage or annihilate a home.