Even if flooding isn’t common in your area, you may still need flood insurance. At Maanen Insurance Group in Greeley, CO, we offer flood insurance policies that meet the needs of local homeowners. 

Flooding Basics 

Floods are the most common natural disaster in the United States. When you think of a flood, you may picture submerged homes. However, even a few inches of water can significantly damage your home. 

Flooding is more common in some areas, but it can happen anywhere. Heavy rains, spring snow thaws, and hurricanes are common flooding causes. 

Who is Required to Have Flood Insurance? 

Some homeowners are legally required to have flood insurance. These are homeowners in a high-risk flood area who have a federally insured or backed mortgage.

Even if you don’t meet these criteria, your lender can require you to purchase flood insurance as part of the terms of your mortgage. 

Do I Need Flood Insurance? 

Do you need flood insurance? In short, yes. A standard homeowner’s policy doesn’t typically cover flooding. A flood policy will cover damage even if a state of emergency isn’t declared. 

Remember, even a few inches of water can damage your home. If you don’t have flood insurance, you’ll need to pay for repairs out of pocket. 

You may be wondering about federal disaster assistance. This comes in two types. One is a loan, which must be repaid-with interest. The other is a disaster grant, which averages about $5,000 per household. These types of relief will still leave you paying a great deal out of pocket to repair damages if a disaster is declared. 

Flood Insurance at Maanen Insurance Group

If you need flood insurance in Greeley, CO, contact us at Maaneen Insurance Group. We’ll help you choose the best policy for your needs and situation.