Each year, more U.S. properties within floodplains are damaged or destroyed by flooding than fire. Changing weather patterns, increased urban development, and the leveling of forests have reduced the land's natural ability to absorb water. Rising waters and debris can destroy a home, business, and personal belongings within minutes. Property owners must understand that flooding can happen to them at anytime, no matter where they live.

While a homeowner's policy covers fire damage, many homeowners don't realize that it won't cover damage from floods or mudslides. In many cases, floods do not even qualify for federal disaster aid – only floods that are declared national disasters by the President qualify for assistance. This assistance comes in the form of a grant averaging less than $2,500, or a federal loan that must be paid back with interest. That's in addition to payments on your existing mortgage loan.

Flood insurance, which is financially backed by the U.S. Government through the National Flood Insurance Program (NFIP), is available through Homesite Insurance and the Homesite Insurance Agency. The NFIP, through the Federal Emergency Management Agency, is the primary provider of flood insurance in the United States. The Homesite Insurance Company acts as a "Write-Your-Own" company on behalf of the NFIP. Write-Your-Own companies sell and service flood policies, and the NFIP pays the claims.

Flood insurance protects your home and your belongings from damage caused by rising water or mudflow. Flood insurance is available for the value of a structure, minus the land value. Contents coverage is also available, but is optional and must be requested. Even if you've experienced previous flooding, you can still buy flood insurance. If you have previously received disaster assistance, you must first obtain flood insurance to be eligible for future federal relief.

Flood Insurance Puts You in Control
Flood insurance pays all covered claims even if a federal disaster is not declared. Claims are paid quickly so victims can recover faster. You may even be able to get a partial payment right away. Flood coverage is available up to $250,000 for your home, and up to $100,000 for its contents.

Flood Insurance is Easy to Buy
Anyone can buy flood insurance if his/her property is located in a community that participates in the NFIP. Homes, condos, apartments, and business structures are all eligible. Even renters may purchase flood insurance for their possessions. Since flood premiums are set by the U.S. government, your rate is the same from any insurer.

Click here for your free, no obligation Flood Insurance quote.