Floods are the most common natural calamity in the United States. Unfortunately, coverage for losses from floods is not provided in standard homeowners and renters insurance policies. Coverage for flood damages in New York is generally available under a separate policy given through the National Flood Insurance Program (NFIP). Flood insurance policy will cover structural damage, including damage to the water heater, air conditioner, furnace, floor surfaces, and debris clean-up. Premiums for flood insurance offered in authorized insurance companies in Brooklyn, NY will vary depending on:
As a Brooklyn, NY resident, it's paramount to initiate a contingency plan ahead. A flood insurance coverage in New York normally will not go into effect until 30 days lapse after buying your policy. Flood insurance is a significant tool to safeguard your home and help you recover from damages caused by flooding waters from excessive rainfall, wind-driven storm surge, and tidal flooding. Regrettably, federal aid is not guaranteed if floods strike unexpectedly; therefore, it's crucial to procure flood insurance to recover if your property gets destroyed. Contact us today at NEC Agency Inc., and you will learn more about flood insurance and receive a flood insurance quote.
There are two types of coverages advocated by NFIP. They include:
Building property coverage: It covers the physical structure and its:
Personal property coverage: This type of policy covers personal belongings(contents) in the building. It's not mandatory in New York. It covers:
Do not hesitate to call us or visit our NEC Agency Inc. offices in Brooklyn, NY for more information about a flood insurance policy.