Flood Insurance Ellenville NY

 

Flood Insurance Professionals

Choosing a professional agent is an important consideration when purchasing flood insurance. Insurance agents serve as an intermediary between the insurance company and the insured. Sprague & Killeen is an independent agent who works as an insurance agent for a variety of different insurers. We can produce policies from several insurers and offer some comparisons of different insurance policies.

Protect Yourself with Flood Insurance

Just a few inches of water from a flood can cause tens of thousands of dollars in damage.  Over the past 10 years, the average flood claim has amounted to over $33,000. Flood insurance is the best way to protect yourself from devastating financial loss. Flood insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers, and the property’s flood risk. All policy forms can provide coverage for buildings and contents. However, you might want to discuss insuring personal property with your agent, since contents coverage is optional. Typically, there’s a 30-day waiting period—from date of purchase—before your policy goes into effect. That means now is the best time to buy flood insurance.

What is a Flood? 

Anywhere it rains, it can flood. A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, broken levees, outdated or clogged drainage systems and rapid accumulation of rainfall. Just because you haven’t experienced a flood in the past, doesn’t mean you won’t in the future. Flood risk isn’t just based on history, it’s also based on a number of factors: rainfall, river-flow and tidal-surge data, topography, flood-control measures, and changes due to building and development.