Even if you don’t live near the water, your property could be at risk of flooding. Unusually heavy rainfalls can innundate low-lying areas. Real estate developments near you can alter natural drainage systems. And flooding’s not uncommon: the U.S. Federal Emergency Management Agency says 90 percent of our natural disasters involve flooding.
Don’t make the mistake of assuming flooding is covered under your homeowners insurance. Flood damage is specifically excluded from standard policies. It’s also important to know that there is a mandatory waiting period of 30 days before the flood insurance you’ve applied for takes effect.
Contact HUB International’s Ellicott City flood insurance specialists to learn more.