Did you know that floods are the most common form of natural disaster? Floods cause over $4 billion dollars in damages ever year. Here is another amazing fact; the average homeowner has a 1 in 4 chance of having flood damage during the time frame of a 30 year mortgage.
If your Utah home is in a flood zone, you must buy flood insurance if you want the government to help you after a flood. If you wait until after the flood, you won’t be able to obtain the insurance.
Many mortgage companies are now requiring flood insurance as part of their loan package. A standard homeowner’s and renter’s insurance policy does not cover flood damage. Flood damage is excluded under standard homeowner’s policies
Flood insurance is only available through the National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA). A few private insurers offer excess flood insurance. In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it's already too late. You will not be insured if you buy a policy a few days before a flood.
We will utilize ALL our markets to give you the best possible combination of coverage, price and services; that is why we are called The Insurance Mall. We know you have choices, so we thank you for choosing L.A. Bowen Insurance Agency.
Call us now at- 801.226.SAVE. Or go to www.laboweninsurance.com