Flood Insurance
A flood could severely impact your home and valuables. Whether you live near a floodplain or outside a risk zone, you must be prepared for the worst-case scenario. One inch of flood water can cause up to $25,000 in damages.
Nearly all of Wisconsin is set to experience a 5 percent increase in the average precipitation fall, and rates are scaling up across the state. New precipitation rates increase the risk of flooding regardless of your location.
In a recent event in Mazomanie County, low-risk areas that were not mapped out as flood plains experienced ongoing problems with flooding. Through rising streams and snow melt, groundwater levels rose, and many people were not reimbursed for their total flood losses.
Extending your insurance policy
Most homeowners carry insurance policies that cover minimal flood damage. As losses can total tens of thousands from just a small flood, extending your rental or home insurance can help you prepare for disaster.
Proper flood insurance will cover your belongings and structural home after a flood. Most policies only provide disaster assistance loans that may require prepayment with interest.
A flood insurance policy with Community Insurance Group LLC can include coverage for the following:
- Structure replacement for walls and roofing
- New building features
- Detached garage replacements
- Foundation, stairway, and anchorage systems
- Appliances
- Carpeting and flooring
- HVAC and Plumbing
- Sump pumps and heat pumps
Plan today for flooding:
NFIP policies require a 30-day waiting period in Wisconsin, so planning today is crucial. Get flood insurance before a storm hits and prepare for the worst-case scenario. If you are building a new home, start your policy before it’s completed to ensure it can be effective on your move-in date.
If you are ready to shop for flood insurance today, call Community Insurance Group LLC for a quote on a policy to suit your needs.
