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Flood Insurance

Flood Insurance Explained

Those who have been victimized by severe flooding can attest to the devastation that is one that can be left within the aftermath of such a tragedy. This devastation will often include homes, businesses, and all that lies within. If you happen to reside in a zone that is designated as a high risk for flooding, it is vital to obtain good flood insurance.

 

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What is it?

This coverage is available for those who own homes and condos, renters, commercial renters, and businesses. It protects the structure and the personal contents that lie within. Keep in mind that there will be various items excluded from coverage and you are well served in reviewing all this with an insurance professional. Protection for basements, for instance, can be limited along with any edifices outside of the main structure like swimming pools, sheds, and so on. These things would often need to be specifically covered as policy add-ons.

Who Benefits?

This coverage is tailor-made for those who reside in flood zones or areas where the likelihood of damage from mudslides, broken water mains, and severe storms is high. This insurance is specifically engineered to cover for such perils. Generally, these types of policies are divided into two designations, moderate-to-low risk, and high-risk categories. People who live in moderate-to-low-risk zones can purchase this coverage for a relatively low price. High-risk areas are covered more comprehensively and include more on the inside and more protection of the buildings themselves at a higher purchase price.

How Does It Work

Insurance premiums are determined by several things, including the year the building was put up and whether it is located in a flood zone. Other determining factors include the number of stories and where the contents covered, etc. Your premium is also determined by the level of coverage you choose and how large the deductible will be. If you carry a mortgage and also reside in a high-risk flood area, lenders will also mandate that you obtain this insurance coverage to protect their investment as well.

FEMA

The government provides coverage from FEMA, which is the national flood insurance provider. Also, several private companies also provide this coverage. The law mandates that private insurance agents be members of the National Flood Insurance Program (NFIP) in order to offer this specialized coverage. This agency serves to provide financial help to those who are the victims of flood damage.

Benefits

A big plus in having this coverage is the knowledge that should a flood disaster strikes, you are not left helpless. This protection keeps the policyholder from suffering the consequences of extreme financial loss due to a flooding disaster.

All staff are very responsive and helpful great agency
Eric Doty
Eric Doty
Shannon is fantastic. She always takes time to acknowledge me when I stop in. The team there is friendly and I feel like they, although very professional, have a very personal investment in their business. 🥰
Mark Rouleau
Mark Rouleau
I've know John for many years and he's a Great Guy who knows his stuff.
M.C. Cawley
M.C. Cawley
I absolutely love this insurance company! They always call when there's a better deal available to save me money! This company keeps in touch and cares about their customers and even remembers my birthday and sends a birthday card! If there's a problem with the account they're quick to investigate. They always have a solution! Thank you A Young I love all of you! Even though the pandemic has been hard on my family you always know how to make me smile! GOD BLESS YOU ALL!
Lillie Collins
Lillie Collins
Working with Young Insurance is a pleasure.staff is friendly,knowledgeable,and will work with you to get the insurance you need at the best rates.
Kevin Cavanaugh
Kevin Cavanaugh
I just love Shannon, she's the best!! She works so hard to get the best rate for me.I would highly recommend this company.
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Barb Genta
The staff is very knowledgeable and helpful and always takes the time to help me with my problem. I highly recommend them.
Anne Lee
Anne Lee
Got me what I needed, when I needed it and at the price I needed.
Dale Hartzfeld
Dale Hartzfeld
Nice friendly local place for insurance
Kathleen Hoadley
Kathleen Hoadley
Joe is the best! Friendly staff that cares about you. I felt like family. Really appreciate the guidance and ease of switching insurance companies. Thank you - Nikki
Nikki Quintanilla
Nikki Quintanilla
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Tracy Richardson
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martin mccloud
martin mccloud
They are the best Agency ever
Etoy Nichols
Etoy Nichols

1400 Scott Lake Road, Suite AA
Waterford, MI 48328