Maine flood insurance coverage provides protection for destruction and
financial devastation
caused
by floods. Although it may not seem like much, even a few inches of water can cause serious
damage
resulting in thousands of dollars in repair and restoration costs.
Homeowner’s insurance does not typically cover flood damage—however flooding is ranked the #1
natural hazard in the U.S., occurring in and causing damages in all 50 states. Purchasing a
Maine
flood insurance policy through Lyons Agency for Insurance can protect you.
Although it may not seem as necessary as homeowners insurance, flood insurance is important if
you
want to keep your home safe and your possessions secure. Flood insurance coverage offers
protection
against losses that result from heavy and lengthy rain falls, storm surges, blocked storm
drainage
systems, snow melts, etc.
Different types of flood insurance coverage policies are available based on your property’s location and flood history:
If you live in a community that participates in the National Flood Insurance Program (NFIP), your building and its contents can be covered by standard flood insurance. Maine residents should be aware that the NFIP was established by the Federal Government to help communities who “voluntarily participate in the Flood Insurance Program by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.
If your home or business is in a low or moderate risk zone, your building
may qualify for a
low-cost
preferred risk policy. While you aren’t required to purchase flood insurance, Maine residents in
low-to-moderate risk areas, should consider a preferred risk policy which will protect your home
and
its contents if you are affected by a small flood or a larger flood that has extended into your
low-risk area. In truth, many flood insurance claims occur in low-to-moderate risk
areas.
Don’t wait until it’s too late. From covering overall structural losses to your personal
property,
we help protect the things that matter most to you with dependable flood insurance
coverage.
There’s no reason why you should place your home and livelihood at risk. Contact Lyons Agency
for
Insurance today; we’ll get you on the path to superior flood protection with an affordable and
comprehensive Maine flood insurance policy.