As a homeowner in the Canby, OR area, it is vital that you understand the importance of flood insurance. Below we have put together five of the most important facts to know about flood insurance.
You do not need to live directly near a water source to be affected by flooding.
Flooding does not always come from a river overflowing. It can be caused by various sources including melting snow, drainage backups, storms or even a levy failing. Just because you do not live in direct proximity to a water source does not mean you are not at risk. If you are unsure if you need flood insurance, reach out to an agent at Oliver insurance to discuss further.
There is a good chance your homeowners’ policy does not cover flooding.
Many homeowners assume that their home insurance policy automatically provides a basic flood coverage. However, the fact is almost no homeowners policy automatically provides coverage. If you are unsure if you have coverage for flooding you should call your agent right away.
Your home is much more likely to be damaged by a flood than any other natural disaster including tornadoes, fires, and earthquakes.
Typically it will take 30 days from the time you purchase the coverage to when your home is covered. Do not wait until it is too late, make sure your home is covered today.
Flood insurance is affordable.
Many people assume flood insurance is too expensive. However, this is not the case; there are many different affordable options available in the market place.
If you have questions about your current flood protection reach out to an agent at Oliver Insurance today, we proudly serve the Canby, OR area.