Did you know that statistics reveal that only 20% of American homes in flood-prone areas get protected by flood insurance? Floods are the most distressing and unpredictable as they can strike in areas where rain is rare. If you are a Jenkintown PA resident, it’s instrumental in purchasing flood insurance to avert suffering from colossal financial loss. Since flooding is unpredictable, it requires one to develop a contingency plan. Statistics show that about 20% of all flood insurance claims in Pennsylvania emanate from low to moderate risk areas, warranting formidable flood insurance. Unfortunately, many Jenkintown, PA residents only think about flood insurance when unforeseen peril strikes. Don’t allow floods to wreak havoc on your finances when there is a solution! Contact our agents at Richard Zeises Agency; they will assist you in acquiring outstanding flood insurance suiting your needs and budget, irrespective of where you reside.
Is flood insurance mandatory in Pennsylvania?
Flood insurance isn’t required for every home in Pennsylvania. Nonetheless, if your property is located in flood-prone areas, you might need to buy flood coverage as a security for your outstanding mortgage. Since also, standard home insurance policies don’t cater to flood-associated losses. Pennsylvanians should safeguard their dwellings with prolific separate flood insurance. It’s crucial to get flood insurance among the following coverage options.
Building property coverage: This coverage safeguards the house itself. It covers the physical structure and its:
- Electrical and plumbing systems
- Window blinds
- Permanent installation of paneling, cabinets and bookcases.
- Permanent installation of carpets
- Detached garages and sheds
- Furnace and water heater
- Refrigerators and dishwashers
- Fuel tanks, pumps and solar energy equipment
Personal property coverage: It safeguards personal property(contents)in the building. It covers:
- Freezers and the contents inside
- Portable appliances.
- Electrical gadgets
- Furniture.
- Curtains.
Devastating floods can occur abruptly both near the coast and also in dry areas. Devoid of proper flood insurance, you can plunge into an insurmountable financial burden of settling flood-related damage costs out of pocket. Please call or visit us at Richard Zeises Agency serving Jenkintown, PA and the surrounding community to get a flood insurance policy that matches your needs and budget.
