Flood insurance, as the name implies, covers damages caused by flooding. The majority of A and H’s service area (NV, CA, AZ, and beyond) is in dry, desert locations, so why are we bothering to mention flood insurance? Because locations such as our main branch, Reno, get the majority of precipitation in the winter months. This snowfall builds up in the mountains over the winter months and can cause flooding in homes and businesses during the spring thaw into the summer months.
Do I already have Flood Insurance?
Flood insurance is a separate policy that is not included in a standard homeowners insurance or business owners’ policy that insures commercial property. So if you just have a boilerplate policy, you will likely not have flood protection. You will need a standalone, or add-on flood insurance policy to have protection. It’s important to be aware that flood insurance policies come with a 30-day waiting period before they take effect. So, you should plan ahead and purchase a policy well before flooding events are likely to occur.
How can I get Flood Insurance?
Flood insurance is not sold like a typical policy. It is provided through the National Flood Insurance Program (NFIP) which is administered by the Federal Emergency Management Agency (FEMA). The policies are then sold by private insurance carriers through agencies such as A and H Insurance. The premiums for flood insurance are determined by many factors, such as the amount of coverage purchased, the property’s flood risk zone, elevation, age, size, and type of construction.
If you think your home or business may be at risk for flooding, reach out to us today, or request a quote, to see what your protection options are. We can provide you with the right flood insurance coverage in Nevada, California, Arizona, and many other states in the Western U.S.