Facts About Flood Insurance in Queens and Farmingdale, NY

Posted by firstchoiceins on February 29th, 2024

Climate is a big concern today, with the weather changing too rapidly for comfort. Global warming may be responsible for the inconveniences, but the people who have to face the freezing weather, hail, and unprecedented storms unexpectedly pray for respite. Unfortunately, the Gods may not answer such prayers but human beings must attempt to eliminate all possible risks especially those that result in huge expenses in the aftermath of natural disasters such as rising water levels and flooding. It is a good idea to consider buying flood insurance in Queens and Farmingdale, NY, in addition to the homeowner’s insurance policy.

One must remember that the traditional home insurance plan does not include flood coverage. It has to be purchased separately to remain fully protected from financial disaster following water damage. Sure, one may not live by the waterside or reside in a coastal area. Sadly, this prevents excessive water damage caused by flooding for any reason besides the rising water levels.

It may be a good idea to go through the home insurance document minutely to discover protection from water damage. Interestingly, the policy covers several reasons for causing water damage to the property, but flooding is kept outside the insurance coverage. Therefore, it is most important to check the facts associated with flood insurance. It helps to know that the key points of such an insurance policy can be summarized in the following manner:

· The insurance provides coverage for damage caused to the dwelling structure due to flooding

· Flood insurance policies are available for every residential and commercial properties

· The homeowners of communities participating in the Federal Government’s “National Flood Insurance Program (NFIP)” are offered this insurance coverage. Others hoping to be protected from flood-related costs are free to buy it from private carriers

· The NFIP has designated flood zones for properties in risk-prone areas. The age of the property, its elevation, and the number of floors are taken into consideration, as well

· The annual flood insurance costs are 0 per annum usually. However, the price varies according to the type of structure, size of the structure, and other factors

The Extent of Flood Insurance Coverage

While homes in high-risk areas have to buy the coverage, the “Federal Emergency Management Agency (FEMA)” also recommends it for other homes. The insurance coverage includes the following:-

· Property Coverage

- The building structure, along with its foundation

- Plumbing & electrical systems

- Heating & cooling systems

- Bookcases, paneling, and/or cabinets attached to the walls

- Detached garage, gazebo, fencing, and other detached structures

· Personal Contents Coverage

- Clothing

- Furniture

- Electronics

- Curtains

- Some portable appliances

- Freezers and the food in them

- Valuables such as art (up to a limit)

Buying a vehicle enables one to move as needed. It is essential to buy at least basic auto insurance in Queens and Deer Park, NY as mandated by the State. Insurance experts recommend buying more coverage to ensure proper protection