Does flood insurance work with government assistance?

You may or may not be in a flood zone if you live in Pembroke Pines, FL, but your regular homeowner’s policy is unlikely to cover damage caused by flooding. That means that if you are ever affected by flooding caused by any source, you will be unprotected and will suffer the loss without the protection of an insurance policy. It is important to understand the kinds of dangers you could be facing and how flood insurance works.

National Flood Insurance Program (NFIP)

While a standard homeowners policy will not cover you if there is a flood, you can purchase flood insurance through at the same time you purchase your homeowner’s policy from McCormick Insurance Inc. It is surprisingly affordable, and it is backed by the federal government.

In fact, you can check with the NFIP if you have any questions about how the program is administered. An insurance agent can help you find the best policy, and representatives from NFIP can explain how the program has benefited people who didn’t specifically live in flood zones.

Disaster Relief From FEMA

Many people realize from watching news programs covering disastrous floods that the Federal Emergency Management Agency will help out and provide assistance to the victims in many circumstances. However, it is rare for the President to declare a federal disaster, and much of the assistance provided is often in the form of low-interest loans. It isn’t like insurance, where you can get the money you need as a matter of right.

If you are interested in protecting your Pembroke Pines, FL home, flood insurance may be a good idea. If you have any questions or want to know how it could benefit you, call McCormick Insurance Inc. and speak with one of our agents today.