7/28/2019 IIA5
2/2
hoIsatRiskforFlooding?
oods are the most common natural disasterthe U.S., and
nearlyeverybodyhas some
sk of flooding. VirtuallyeveryU.S. state andrritoryhas
experienced floods. The FederalergencyManagement Agency(FEMA)
timates that 10 million U.S. householdse located in high flood
risk areas.
ut between 25 and 30 percent of all floodsurance claims are paid
to people livingtside these high risk areas.
e Great Flood of 1993, which ravaged theidwest, was the worst
flood in Americanstory. That flood killed 48 people, affected,000
homes and caused $16 billiondamages.
oods occur when you least expect them.d your homeowners
insurance will not coverur flood losses.
u can protect your homeand its contentsrough the National Flood
Insurance ProgramFIP), administered byFEMA. Flood
insuranceavailable to owners and occupants ofsurable propertyin
communities participatingthe NFIP.
Aflood insurance policy, which you canpurchase through your
insurance companyoragent, is the best wayto recover froma
flood.
Federal disaster assistance, onlyavailable if aflood is declared
a Federal disaster, is often aloan you have to repay, with
interest, in additionto your mortgage loan.
In contrast, flood insurance claims arepaideven if a disaster is
not Federallydeclared.Aflood insurance claimwill reimburse youfor
your covered losses and never hasto be repaid.
Contact your insurancecompanyor agent.Heor she can tell you what
your flood risk
is and can also provide you with moreinformation about howto
obtain Federallybacked flood insurance.
Protect yourself, your home, your familyand your financial
future. Purchase a floodinsurance policytoday.
For moreinformation about theNFIP and floodinsurance, contact
your insurancecompanyoragent, or call
theNFIPat1-888-CALL-FLOOD,ext. 314.
Residential BuildingCoverage:
Up to $ 2 5 0 , 0 0 0 for single-family, two-to-four family,
and
other residential buildings
Commercial BuildingCoverage:
Up to $ 5 0 0 , 0 0 0, including
small businesses.
Contents Coverage:
Up to $100,000 for contents
of residential buildings. Up
to $500,000 for contents in
n o n - r e s i d e n t i al b u i l d i n gs ,
includingsmall businesses.
Renters Coverage:
Via separatecontents coverage.
