The damage caused by Hurricane Katrina or Sandy is what most people envision when they consider flooding. These headline-making storms resulted in billions of dollars in losses. However, most floods are caused by less catastrophic situations.
For example, a few inches of standing water may cause tens of thousands of dollars in damage.
If you live in Troy, Michigan, you may want to consider purchasing flood insurance to protect against the potential damages and losses caused by flood events. At Mason-McBride Insurance, we offer a range of flood insurance options to meet the specific needs of Troy residents and businesses.
Do You Need Flood Insurance in Michigan?
In short, yes, absolutely, 100%. Having flood insurance is imperative to make sure that your house is fully covered; we don’t expect you to take our word for it, though; here are the top 3 reasons to purchase a flood insurance policy:
- In the United States, flooding is the most common natural disaster
- Most homeowners’ policies do not cover damage caused by flooding
- Federal Disaster Assistance is minimal
Michigan Home Insurance Does Not Cover Flood Damage
Whether you live in Troy or any other part of Michigan, flood insurance must be purchased as a separate, stand-alone policy. It is not covered by Homeowners insurance.
Flood insurance policies also may reimburse you for the work you and other family members did to sandbag your homes, move furniture, and remove debris.
In addition, if you live in certain flood zones, your mortgage company may require that you purchase a Flood insurance policy. However, flood insurance is optional if you live outside a high-risk zone or no longer have a mortgage.
Considerations Before Buying Flood Insurance
Working with an Independent Agent means we always seek your best interests. We have the knowledge and expertise to get you the best policy that fits your needs. Listed below are some excellent flood insurance questions you should ask:
- What flood zone do I live in?
- What’s precisely covered in my flood insurance policy?
- What should I do if I have to make a claim?
- How can I pay for my policy?
- Are there any additional expenses?
- How long does it take for my Flood insurance to go into effect? (30 days, so that you know.)
How Much Does Troy Flood Insurance Cost?
Several factors determine flood insurance costs, including:
- Location: If you live in a flood-prone area, you can expect higher costs. If the flood zone has a low risk of flooding, the cost will likely be lower.
- Type of Coverage: Flood insurance may cover personal belongings, buildings, or both. The more coverage you choose, the more expensive it will be.
Why Work With Mason-McBride?
At our locally-owned Micgan business, we understand how important it is to have protection that suits your location in Troy. That’s why we take the time to get to know you and your insurance needs to help you make an informed decision on your coverage.
For over 100 years, the Mason-McBride Insurance name has supported businesses and individuals in Troy and beyond through unexpected challenges. Today, we are among the most trusted names in insurance. We strive to find the right solutions for you, your family, and your business. Your satisfaction is very important to us.
Speak With an Independent Agent in Troy:
Get a quote started online or give us a call at (248) 822-7170.