With changes that have been happening with the weather all over the country areas that have never seen a flood are in danger of seeing one. With more and more once in hundred-year floods showing up more and more people have started to wonder who should carry flood insurance. At Bingham Insurance Group in Braselton, GA, our independent agency makes sure our customers can choose from among the most reliable carriers in the business. 

Who should carry flood insurance? Anyone with even a small risk of flood damage. 

At one point in 2019 more than two-thirds of the contiguous United States was in danger of flooding and the words "rains of biblical proportions" were used to describe the condition. Combined with heavy snow in Canada and you have a recipe for disaster. 14 million people were impacted by this flooding. It is eye-opening, to say the least. 

Flood insurance is offered through the NFIP (National Flood Insurance Program) and administered by FEMA. Their policies are sold through about 60 direct service insurance carriers. In order to purchase this insurance, the community where you reside must be one of the 23,000 participating NFIP communities. If you live in a non-participating community, you still can get flood insurance through 59 WYO (Write Your Own) companies. It is still the NFIP insurance it is just written and sold using the insurance company’s branding. 

Beyond the NFIP and WHO policies, other private carriers are selling flood insurance. This private insurance offers advantages such as offering higher limits on the physical building and the content level than those allowed with the NFIP policy. They also offer loss of use coverage to help you pay for a place to stay while your home is being repaired. One disadvantage is the insurer can cancel your policy if they feel the risk is too great, NFIP insurance can’t do that. 

Contact Bingham Insurance Group in Braselton, GA for all your insurance needs.