Flood insurance is something that most New Yorkers should look into when searching for insurance policies. Most people do not know that home insurance will not cover your home in the event of a flood, and commercial insurance will not cover your business.
Acme Insurance Brokerage, Inc. in New York offers flood insurance policies to meet your needs as a home or business owner. These policies are sometimes required if you are in specific floodplains but should be looked into regardless. Flooding is one of the top disasters for citizens of the U.S. and effects people in and outside of these designated flood areas.
The National Flood Insurance Program is a federal program designed to provide flood insurance to those at risk of the natural disaster. Over 1,400 communities in New York participate in this program, and it benefits those in high flood zone areas.
Flood insurance is designed to not only protect homeowners and businesses, but can also cover rental homes, condos, apartments, and more. This type of insurance will also include basement coverage which handles sump pumps, furnaces, foundation elements, and more.
Rain related flooding due to broken windows or holes in your roof are not included in these policies. This is because these are general maintenance issues that could have been fixed prior to the incident.
Before coverage becomes active, there is a 30 day waiting period. It is smart to plan ahead for flood insurance. Do not wait until a storm comes to try to enact a policy.
The agents at Acme Insurance Brokerage, Inc. are ready to work with you to put together a flood insurance policy that covers your home or business. Reach out to our agents to ask questions about your concerns and get a quote. If you are in the New York area, stop by our offices to sit down and have a conversation. Let us educate you on the benefits of flood insurance.