Nor’ Easters, Hurricanes, and heavy rainfall can leave a normally dry area of land submerged in water. This is known as flooding; the results of which can leave homes uninhabitable, businesses unusable, and possessions destroyed. Flood Insurance policies are available to protect individuals and entities from such devastation.
Flood damage to your home, condo, or apartment is not covered by your Cohasset homeowners policy. A Flood Insurance policy is meant to protect policyholders from the direct damages associated with the effects of flooding.
If your home or business lies in what the Federal Emergency Management Agency (FEMA) designates as a ‘high-risk’ zone for flood, you are required to have Flood Insurance in Cohasset, Massachusetts. Generally, the label ‘High-risk’ is attributed to zones of land that have a calculated risk of 26% or more that they will encounter a flood within a 30 year period. Though minimum level of protection is required by the federal government, additional protection is available and highly recommended.
Floods can happen anywhere and to anyone. In fact, more than 20% of flood insurance claims made to the National Flood Insurance Program are made by people located in zones not denoted as ‘high-risk’. Though not required, renters, homeowners, and business owners who aren’t located in ‘high-risk’ areas should still purchase Flood Insurance in Cohasset, Massachusetts to protect their investment.
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