Four myths about flood insurance | UNIVISTA INSURANCE

Four myths about flood insurance

Four myths about flood insurance. Florida is one of the states most affected by rising waters. For this reason, about 1.7 million homeowners have flood insurance. Despite this, there are different myths surrounding this important insurance that serves as a justification for some Floridians to reject acquiring such important coverage.

  1. Flood insurance is only needed by people who live near the coast.
    Due to the characteristics of Florida, floods can happen in any area, there does not have to be any body of water nearby for a flood to occur that causes million-dollar damage to property.
  2. Flood insurance is only suitable for those who live in areas classified as flood risk areas.
    The purpose of the FEMA map, where the different flood areas are indicated, is to guide homeowners to the places where flooding is most likely to occur. It does not mean that the rest of the places will not happen. FEMA explains that 40% of the claims occur in areas not declared as at risk.
  3. Homeowner’s insurance covers damage caused by a flood.
    It’s false. Most home insurance contracts state that they exclude flood damage and recommend purchasing a policy that covers that risk.
  4. Flood insurance can be purchased immediately after the disaster strikes.
    Fake. Flood insurance contracts can be purchased at any time. But, most contemplate a waiting period of 30 days, before entering into force.

If you want to have very cheap flood insurance contact Univista Insurance. Four myths about flood insurance.

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