Home » Finance » Insurance

Flood Insurance Basics-Essential Information You Must Know

Dec 16, 2007
A flood is not always defined as a wall of water rushing towards your property and taking all your belongings into the river to merge with the other belongings of your neighbours. Even a single inch of excess water is enough to cause costly damage to your home and to your belongings.

A flood is something that may happen in the middle of the night while you are sleeping or when you are out of town for a holiday. It is something that may come in at your most unexpected moment, and you are helpless when it comes. This is why you need to get a flood insurance, which is a specific insurance policy that protects your property against damage caused by flood.

People who live in an area which is high risk for flooding should definitely consider getting a flood damage insurance. Insurance providers which offer cover policies against flood damage have their own means and use topographical maps to assess the location of your home and see how high the risk is for flood damage is. Because of this, many insurance providers may even refuse flood damage insurance to customers who are at high risk.

Getting insurance for flood cover is just one of the insurance policies available in the market today. People get health insurance, auto insurance, fire insurance, travel insurance, and others but flood insurance is very necessary especially if you live in a flood risk area.

You may not be aware of this but losses and damages due to floods are 30 times more likely to occur than fire losses and this is especially true if your house is located in a flood zone. If you value your home and its contents which you have spent so much to acquire, then think twice and do not scrimp on a few hundred dollars a year to get a flood insurance policy. Do not wait until it is too late. You may also find it pays to get a policy cover for your house building and the contents as well.

Floods are caused by several factors. Urbanization, for example is one of the movements of men that results to flooding. As more and more concrete roads and parking lots are constructed to replace the natural land, the ability of natural lands to absorb water is decreased.

The changing weather pattern is another factor that has made the occurrence of floods more severe and frequent. When there is a mudflow, tidal waters overflowing or when the land along the shore of a lake collapses, flooding is not a remote possibility.

Flood insurance offers customers many benefits in the UK but due to constant flooding, the flood insurance premiums have gone much higher in the UK than they usually do. It is wise to have a flood insurance policy because when the need arises, your flood insurance policy will compensate for the loss or damage of all the items you have declared and you can get your flood insurance claim in no time at all to help you recover.
About the Author
If you are looking for information or advice on flood insurance or flood plain insurance or flood insurance basics , visit us now. FloodInsuranceAdvice.com is a goldmine for information on all aspects of flood insurance.
Rating:
Please Rate:
(Average: Not rated)
Views: 112
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources