204B881E-108A-4297-814F-49D71BB65E16.jpgWhile this list was written by FEMA for the general public, most of it applies to your municipal properties, too (and it’s not a bad outreach tool, either).

The Top Ten Reasons to Buy Flood Insurance Now

  1. Spring flooding is almost here and there is a 30-day waiting period before coverage begins.
  2. Coverage is relatively inexpensive – nationally premiums average $565 a year.
  3. If your community participates in the NFIP, you are eligible to get flood insurance even if you are located outside the 100-year flood plain.
  4. You can receive payments for flood-related losses for over-land flooding – even if no disaster was declared.
  5. You can depend on being reimbursed for flood damages because NFIP flood insurance is backed by the federal government.
  6. You do not have to repay flood insurance benefits (as you do with disaster-related assistance loans).
  7. Renters can purchase flood insurance contents coverage for personal belongings or business inventory.
  8. Basement coverage includes cleanup expense and repair or replacement of items such as furnaces, water heaters, washers, dryers, air conditioners, freezers, utility connections, and pumps.
  9. You can request a partial payment immediately after the flood, which can help you recover even faster.
  10. Buying flood insurance is the best thing you can do to protect your home and business, and your family’s financial security from a flood.

The Top Ten Reasons to Buy Flood Insurance Now” (FEMA press release)

Image by Sam Churchill

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