Flood damage in Pennsylvania can happen no matter where your business or home is located. You can purchase insurance even if you don’t have property in a flood plain. Mortgage lenders may also require that you purchase flood insurance, depending on where your home is in Pennsylvania.
Even if you have renters or home insurance, you aren’t already covered. The standard policy doesn’t include any damages that result from a flood. Note that there is a 30-day waiting period for many flood policies before they become effective. Flood policy claims are paid no matter if there is a federal disaster declared. This means you will be reimbursed for covered losses. If you don’t have flood insurance and use federal aid to help you recover, then you will have to pay that money back.
Disaster aid may not be available, so it’s best not to rely on it and instead take the initiative to protect your home or business yourself. Depending on where you live, and your flood risk, a flood insurance policy may not be that expensive. You can live miles away from water and still be a victim of flooding damages. About a quarter of claims for flood insurance are paid to homes and businesses in low to moderate risk areas. Even a broken sewer line or a rainstorm that moves slowly can cause flooding.
Flood insurance was traditionally only available through the National Flood Insurance Program. However, today, there are more options for customers to consider in West Chester, PA. You can get insurance through private insurers. When you are thinking about getting insurance, you need to consider the type of coverage you need. There are different types of coverage to protect the structure of your home, as well as the contents of the house. An agent at Griffith Insurance LLP can help you with the right policy.
Contact Griffith Insurance LLP in West Chester, PA to get a quote on flood insurance.
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