You might ask yourself if you need flood insurance even if you live in an area that does not have a lot of flooding. The short answer is yes. You do need flood insurance. Flooding can happen anywhere. Damage created by a heavy rainstorm, hurricane, tornado, or other natural disasters are the first thing homeowners think about when considering flood insurance. But apartment renters and condo owners also need to realize that their property could be damaged too and flood insurance is a great safety net to have. Contact The Shay Agency in Wilkes-Barre, PA. Our independent insurance agents can get you started with the appropriate amount of insurance you need for your home, apartment, or condo.

What is a Flood?

According to FEMA, the Federal Emergency Management Agency, a flood is the most common natural disaster. Floods can happen as a result of heavy rains, melting snow, overflow from levees, new development, dam outages, hurricanes, and rising rivers. The advantage of flood insurance is that you can purchase it no matter where you live, even if you don’t live near a flood zone.

What is Flood Insurance?

Flood insurance is protection that covers you if a flood ruins property in your home, business, condo, or apartment. You can acquire one of two policy types. The first covers the building and its structure. This type is usually purchased by condo associations or apartment building owners, so this will help to reimburse them if their buildings receive any damage. On the other hand, inside the apartment or condo, your items will not be reimbursed unless you have protection with the second type of policy. This policy covers personal property.

The Shay Agency in Wilkes-Barre, PA has independent insurance agents to help you understand your need for flood insurance. You can also get further assistance with auto, life, and commercial insurance throughout Pennsylvania, Florida, New York, and New Jersey. Reach out to our agents to learn more.