Flood Insurance & Homeowner Insurance Quotes
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Flood Insurance & Homeowner Insurance Quotes
When it comes to obtaining homeowner insurance quotes, few things are more confusing than flood insurance. Even if you have been told you do not "need" flood insurance, this may not mean you shouldn't consider purchasing it. Remember, depending upon the property location and other factors, some mortgage lenders require flood insurance. However, even if you are not required by the mortgage company to carry flood insurance, it may still be a good idea, especially if you live in an area prone to flooding, severe storm surge or earthquakes that may result in flood related damage due to broken pipes.
Use the following to help determine if you should purchase flood insurance when shopping for homeowner insurance quotes:
- Does your mortgage company require it? If so, be sure to ask how to purchase a flood insurance policy. Most are sold separately from the regular policy.
- Do you reside in an area prone to flooding from storm surge, rising tides, rising rivers, flash flooding or even breakage of pipes that may result in water damage?
- Do you have partial coverage under a scheduled property floater to provide flood coverage for expensive guns, equipment, antiques or other items?
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