Just like the risk of earthquakes, the risk of loss to property caused by flooding is real–so real that standard homeowners and business property insurance policies DO NOT cover damage and loss caused by floods. Property owners would have to set up separate flood insurance in order to secure insurance protection for damage caused by water intruding into their homes or buildings.
Don Gath Insurance Agency can help you set up a flood insurance policy through the National Flood Insurance Program (NFIP) or from one of the several companies that offer flood insurance outside of the NFIP. We’ll check both options–both inside the NFIP and the offerings outside of the NFIP– to help you determine which company would best meet your needs of protecting your property from the devastating effects of flooding.
You can find your property’s location on the Federal Emergency Management Agency’s flood map website here: Then call Don Gath Insurance Agency at 562-498-6701 if you would like our assistance in interpreting that map and learning the prices for flood insurance to protect your property.
Remember, flood insurance coverage is NOT included in home and business property insurance and that according to NFIP claims data, over 40% of its flood insurance claims in the first half of the last decade occurred outside of high risk flood zones. Flooding can happen almost anywhere and in any given year–be sure to ask us about flood insurance!