Tennessee Flood Insurance Coverage

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Flood Insurance Coverages

Flood Insurance

Why Should You Have Flood Insurance?

Getting flood insurance will protect you if your home or business is damaged or destroyed due to a flood. Federal assistance may help if the area is declared a disaster zone, but you don’t want to rely on financial assistance that can be slow to receive before you start rebuilding. Even just a few inches of water can be very costly, and flood insurance can help protect the investment you have in your home.

Misconceptions about Flood Insurance

There are some common misconceptions about flood insurance in Tennessee that can cause problems for homeowners if there is a flood. The first is that homeowners insurance will cover flood damage. Your homeowner's insurance will likely not cover what you will get with flood insurance, making it an important additional coverage you should have. Many believe that flood insurance is costly, but if you are in a low-risk flood zone you should be able to find an affordable policy. Another misconception is that you don’t need flood insurance because there isn’t a water source nearby. If there are copious amounts of rain or snow, it doesn’t matter if there is a water source nearby, your home could still be damaged by a flood.

The National Flood Insurance Program (NFIP)

The NFIP can help make flood insurance cheaper to residents in Tennessee. The National Flood Insurance Act made it a requirement for homes to have flood insurance if they are in a recognized flood hazard area and want to be able to receive federal disaster assistance. An agent at Choice Insurance Agency LLC can help you determine your flood risk and assist with policies to meet the requirement.

If your community does not participate in the NFIP, or if you want additional coverage than what NFIP provides, you may be able to find additional coverage. It is important to note that the NFIP will provide up to $250,000 for the home structure and up to $100,000 for personal belongings.

Contact Choice Insurance Agency LLC to get a quote on flood insurance.