Who Needs Flood Insurance in West Chester, PA?

Since your typical home insurance doesn’t cover damage from floods, it’s a wise decision to consider flood insurance from Griffith Insurance LLP in West Chester, PA. But because nobody likes spending unnecessarily, you may ask: Do I really need flood insurance? But I live in an area outside a flood zone? If such questions are running through your mind, we are here to answer the question: Who needs flood insurance?

If you have a mortgage

While flood insurance isn’t mandatory in Pennsylvania, if you have a mortgage with a federal-regulated lender, they may insist you purchase flood insurance if your home is in a high-risk flood area. But even though you live outside the flood-risk zone, your lender may still require you to purchase flood insurance coverage. 

Every property isn’t safe from floods

While your property may be located outside the flood-risk area, it doesn’t mean it’s 100% safe from floods. Here are some facts:

  • About 20% of flood insurance claims come from homeowners living in moderate to low-risk areas
  • Floods are the number one disaster in America
  • In your 30-year mortgage period, you are likely to experience floods more than a fire
  • Just a one-inch rise in water level may lead to repairs of about $25,000

Because floods can strike anywhere and anytime, you require flood insurance to protect your building and the contents when floods happen. Besides, rains and hurricanes aren’t the only cause of flooding. Mudslides melts, winter storms and inefficient drainage systems may cause flooding.

If you need peace of mind

Because floods can occur anytime, you don’t have to keep worrying about the safety of your home and loved ones. Instead, purchase flood insurance, and you don’t have to live on the edge every time the weatherman mentions a looming storm. 

Would you like to protect your West Chester, PA home with flood insurance? Don’t hesitate to get in touch with Griffith Insurance LLP for a competitive quote.