Flood insurance is needed for anybody who lives near a river, creek, or body of water that has historically flooded during heavy rains. The FEMA flood maps contain topological data showing how likely an event is, the elevation, and the potential frequency. In addition, this information is updated every few years.
Using this resource is necessary because Tucson, AZ residents cannot always determine flood risk simply by looking at a home’s location. This is because flood planes can be anywhere a wet weather stream materializes during severe weather, drainage ditches overflow, or in the path of a gully.
Flood insurance is not a requirement for people living in Arizona by law, but it is often a condition imposed by a lender if you live in an area with a moderate to high risk of flooding. This is especially true if the bank is government-backed. The Insurance House can put you in touch with a knowledgeable representative to give you more information in this area.
Even if you do not currently carry a balance on your home, a high-risk flood zone jeopardizes your possessions, personal welfare, and property. Out-of-pocket expenses for flood events can be catastrophic, so many people choose to carry this coverage even when it is not mandated.
It’s important to understand that your standard homeowner’s insurance does not cover damages incurred due to flooding. Flood insurance is its own coverage and is designed to deal with the circumstances regarding this type of disaster.
The Insurance House Can Meet Your Needs
Call us today, visit us online, or stop by the office where we can further discuss your insurance questions. Faithfully serving the residents of Tucson, AZ, we look forward to working with you.