Is Your House Located in a Flood Plain?

Insurance Coverage for Floods

 

It’s not always obvious that a house in a flood plain. In fact, if your property is located further inland in Massachusetts, you may think that you’re safe from flooding altogether. Even if you live near a river, you may think you’re safe based on how many hills and buildings there are between you and the water. The reality is that no property is immune to flood risks. The team at CAV Insurance Agency can help you determine if your home is a risk of flooding and if flood insurance could benefit you.

Many homeowners are under the belief that flood coverage is included under their home insurance policy. Unfortunately, this is not often the case, and homeowners find out when it is too late. Since flood protection is excluded from most standard home insurance policies, ensure that you properly assess whether or not your building needs coverage.

If your home is located in a high flood risk area, you should consider flood insurance. Even if your property is not located in such an area, home that are further away from the water source may still need flood coverage. Your mortgage lender may require that you purchase flood insurance, depending on the location of the house.

Flooding can happen at any time, and water damage can be devastating. Just last year there was significant flooding on Route 9 in Wellesley. Property owners in areas like Wellesley, Westwood and the Cape should consider flood insurance due to being near water sources. If you’re near a water source, there is a possibility of floods. Get to know your local area by visiting the Federal Emergency Management Agency (FEMA) flood map that outlines potential risk areas. You can also visit the National Centers for Environmental Information (NCEI) to research past flooding events in your area.

Ultimately, even if your house isn’t in a flood plain and flood insurance is not mandated on your home, the decision about purchasing a policy is up to you. The CAV Insurance Agency team stay up to date with the latest maps and will help you understand your flood safety risks as well as offer you reliable coverage choices for your needs.

Our team proudly serves the insurance needs of individuals, families, and businesses in Wellesley, Dover, Needham, Brookline and surrounding cities in Massachusetts. Talk to us today to find out how we can help you protect your property with flood insurance coverage.