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All You Ever Wanted to Know About Insurance

Flood Insurance

In Minneapolis and St. Paul we have had a record setting amount of snow in February. Once that snow melts it runs off into creeks, rivers and lakes. March can bring more snow and even rain. We could be in for serious spring flooding.  Home insurance policies typically do not cover flood damage. If you live in a high-risk area, your mortgage may force you to have a flood insurance policy. A rapid melt of our snow pack could lead to flooding in non high-risk areas. Flooding can occur anywhere!

 Flood insurance policies cover your home, and can also cover your personal belongings. Flood insurance is backed by the federal government, and can be purchased through an insurance agent.  A flood insurance policy takes 30 days to go into effect. That means if you purchase a policy, and your home suffers water damage from a flood 29 days after purchasing the policy, you will not have coverage!

 Flooding can occur anywhere, and according to FEMA, just 1 inch of water can cause $25,000 worth of damage to your home! Some flood insurance policies can cover your home up to $250,000. Give ATC Agency a call today for a flood insurance quote to see how much it will cost to protect your home!