Determining Your Flood Risk

Did you know:

• An inch of water can cause an estimated $21,000 in damages to a 2,000-square foot property.
• More than 20% of flood claims come from properties that are located outside of a high-risk flood zone.

A standard property insurance policy does not include flood coverage. Flood coverage must be endorsed on a property policy or you may need to purchase a separate flood insurance policy. You can purchase a stand-alone flood policy from the National Flood Insurance Program (NFIP) or from private markets.

Location is the most important factor when determining your center’s risk for flood as everyone is in a flood zone! Flood insurance covers damage to your building and contents caused by flood and pays regardless of a Presidential Disaster Declaration. More than just rainfall can cause flooding. Melting snow, hurricanes and new development in your area affecting runoff can also cause a flood.

AssuredPartners stays on top of the latest flood regulations and can help with researching the NFIP flood maps, keeping up with underwriting changes, amendments to rules and issues with flood coverage. For help determining your current flood zone and the right flood policy for your needs, contact a member of the AssuredPartners Senior Living team.

Source: www.floodsmart.gov