What Happens if My Home gets Flooded?

Flood insurance is one of the most misunderstood types of insurance sold today.  It is a complicated program created by the federal government and sponsored by local government but administered by private companies and sold by independent agents.

Basically the federal government says that they will help fund the loses and if the local government will pay part of the costs they will pay even more.  If the county government fully participates in the National Flood Insurance Program then the residents of that county can buy flood insurance to cover the full amount of a loss. 

If the county government only participates in the emergency plan then residents can buy a minimal policy to cover flood ... if your community fully participates then you can get complete coverage for your home.  If you are worried about flood then call your local agent to see what is available and how much the premium is.

Check out FEMA's website for more info ...

http://www.floodsmart.gov/floodsmart/pages/about/nfip_overview.jsp

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