If you live in Missouri, you’re probably aware of the threat of flooding. The Missouri and Mississippi Rivers are a constant reminder that flooding is a distinct possibility throughout the year, and every homeowner should carry flood insurance.
It might surprise you to learn that flood insurance does not come standard with your homeowners insurance or other property insurance policy; it must be purchased separately. Mid Rivers Insurance can help you secure coverage through the National Flood Insurance Program (NFIP).
If you live in specified areas that have greater odds of flooding and have a mortgage, federal law likely requires you to have flood insurance. Even if you’re not required by law to have it, your home could still be at risk and it’s a good idea to have flood insurance.
Flood Insurance Coverage
Flood insurance covers the structure of your home and your personal property from flood damage. When it comes to property insurance and flood insurance, it’s important to note that there’s a difference between flood damage from a natural disaster and water damage from, say, a frozen pipe that burst inside your basement. It’s important to be aware of the various types of water-related damage and the kinds of insurance required to cover each.
Additionally, there is a 30-day waiting period before the coverage is effective. Exceptions are only made for certain conditions, such as in the case you have purchased a new home and the closing is fewer than 30 days away.
National Flood Insurance Program
Many communities along the Missouri and Mississippi Rivers participate in the National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA). While this program is administered by the federal government, you don’t have to deal with the government to purchase it, you can buy flood insurance coverage directly from an agent at Mid Rivers Insurance. We also have flood programs available that are not subject to FEMA regulations, and you do not have to be on a flood plain to secure this coverage.
Contact Us for Your No Obligation Flood Insurance Quote
Call us today to make an appointment or visit one of our local offices for a consultation with one of our experienced insurance agents. We can help you find the right coverage for your property and your flood insurance needs. Contact us now to get started!