Standard residential and commercial property policies normally exclude flood losses, due to their
catastrophic nature.

In response to an overall need for flood insurance, Congress passed the National Flood Insurance Act of 1968. This Act established the operation of a national program for providing this much-needed coverage. The National Flood Insurance Program (NFIP) is managed by the Mitigation Division of the Federal Emergency Management Agency (FEMA). Homeowners, commercial property owners, and residential and commercial renters desiring flood insurance must
procure this coverage directly through the NFIP or through the insurer who writes their homeowners
coverage in some cases.

Flood Definitions
A flood is a great flowing or overflowing of water, especially over land areas that are normally dry. There are several types of flooding.

• Coastal flooding occurs when hurricanes and storms produce heavy rains or drive ocean water onto land. Coastal flooding is also produced by tidal waves created by storms, earthquakes, or volcanoes. Beaches and houses are often swept away by the force of the water.
• River flooding is normally seasonal because of snowmelt or heavy rains. The water fills the river basin too quickly and the river flows over its banks. The floodplain becomes covered with water, often damaging homes and other property.
• Flash flooding is caused when small and powerful fast-flowing rivers are quickly formed because of excessive rainfall or dam failure, sometimes triggering catastrophic mudslides. Flash floods can be powerful enough to carry away roads, bridges, and other structures, and can occur with little warning.

We will post more information soon about flood insurance soon.  In the mean time, consider giving us a call for a quote or for more information about coverage.

1-877-MattLocke or 678-682-9700

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