Now that the icy rollercoaster of winter 2014 is drawing to a close, it’s time to gear up and prepare for the surprises Mother Nature may have in store for us this spring.
While, you can’t really do anything to stop the possibility of tornadoes, hail, torrential downpours, and floods, you can plan ahead by getting your family and property covered.
It’s really worth your time to ensure you have adequate flood insurance coverage to protect yourself from devastating financial loss. Just a few inches of water from a flood can cause tens of thousands of dollars in damage. From 2007 to 2011, the average residential flood claim amounted to almost $30,000.
Flood insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers and the property’s flood risk. All policy forms provide coverage for buildings and contents. Typically, there’s a 30-day waiting period from date of purchase before your policy goes into effect, so act now to be sure you’re prepared.
Material for this article was provided by a First Command partner, Safeco Insurance®, and it is intended to promote the professional services of First Command.