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Why do you need flood insurance?
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Flood losses are not covered by your standard homeowner's policy or other
property insurance.
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Floods are the # 1 weather-related killer in the United States.
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More than 90% of all property damage caused by a natural disaster is the result
of flooding.
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Chances for flood damage occurring is 26 times greater than the chance of a
fire loss.
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25% of all claims paid by the National Flood Insurance Program occur in
moderate to minimal Flood Hazard Areas according to government statistics.
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Properties located in high-risk areas are six times more likely to have a flood
than a fire during their 30-year mortgage.
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Homes in moderate to minimal Flood Hazard Areas are eligible
for low-cost coverage. In fact, the average Flood policy costs just over $350.
a year - less than $1 per day.
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If you are not sure if you need flood insurance, or if you
want to learn more about flood insurance, please visit the
Federal Emergency Management Agency.
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