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Several Inches of water above the ground can cause massive damages and environmental hazards in Kentucky. In the past ten years, floods have resulted in losses amounting to at least $42, 000 dollars according to the National Flood Insurance Program. Purchasing a flood insurance policy is the best way to protect yourself from flood hazards. TruePoint Insurance in Fisherville, KY will examine your area of residence and recommend the best flood insurance coverage for you. Below are reasons why you need flood insurance in Kentucky.
Everybody lives in a flood zone
It all comes down to the amount of risk posed, but generally, every residence can experience flooding to a particular extent. To know the exact risk of flooding in your home, you should consult the National Flood Insurance Program. However, if you observe the flood maps, you will find zones A and V which are considered as high-risk areas. Zones B, C, and X are considered to be moderate-to-low risk areas whereas the risk in zones marked D isn't known.
At least 20% of flood insurance claims are from moderate-to low zones
In case you live in a moderate-to-low zone, you might presume that you don't require flood insurance since the probability of flooding is low. However, at least one in every five insurance claims are from these zones without counting the homeowners who aren't insured. As such, it is imperative to purchase flood insurance coverage to be on the safe side.
You can’t rely on government aid
Government aid comes in the form of loans which have to be repaid later. Rarely will you get grants from the government to compensate for damages caused by floods. Also, not everyone qualifies for a loan, and if you do, you will have to wait for a long approval process. To avoid liability, it is high time you purchased flood insurance.
Flood insurance is a significant investment for all homeowners despite the flood risk associated with your locality. Visit TruePoint Insurance in Fisherville, KY and in Lawrenceburg, KY to secure a flood insurance coverage which will protect you from liabilities and damages.