Hi, Mira with Branch Benefits Consultants. Today, we’re gonna be speaking a little bit about flood insurance.A lot of our customers ask what is flood insurance and how does it cover us? Well, as we all know, just a couple of weeks ago, we were hit by a monsoon here in Las Vegas Valley and we had a widespread of flood insurance. So, is it really worth having flood insurance placed on your property?
Of course, it is! Did you know that only two inches of flood water can cause up to $25,000 worth of damage to your property? Well, floods could come from any source of water. It could come from tidal waves, it could come from inland waters, and also for unusual rapids overflowing waters that bring from any source. Therefore, water damage can cover your building and the foundation of your premises. It also can cover contents that are covered on the ground floor of your building or the ground floor of your home.
There is a 30 day waiting period for any flood insurance to take effect unless you’re purchasing a home for the first time. If your home happens to be in a flood zone area. Then, of course, there’s not a waiting period for the builders uh to have that flood insurance in place. Flood insurance can be pretty pricey, but also can be fairly inexpensive, and it’s always well to have. I know Vegas doesn’t get hit by the monsoons, but when we do get hit, we get hit pretty hard. So give us a call whenever you’re ready to get a flood insurance quote, you don’t take any time away from us. So we’re here to help you.