Flood Insurance
Severe weather events are not new to New England. We have seen our fair share of floods, and more are coming. If you are a homeowner, you may want to consider flood insurance that will protect your property and your belongings in the event of a flood. If you are thinking of getting this type of insurance, here is some information to help you make an informed decision:
- The main purpose of flood insurance is to protect you as a homeowner against losses resulting from water-related events, including floods.
- Many people mistakenly believe that their standard home insurance covers damage caused by floods. Unfortunately, it does not. If you live in a flood-prone area, having flood insurance is necessary and may be required by your lienholder.
- It is important to know that according to Rhode Island rules and regulations, two or more adjacent properties must be flooded for the damages to be covered by flood insurance. For Massachusetts, insurance can provide coverage if the flood water has not touched the property, as long as there is a general condition of flooding in the area and the flood was the proximate cause of the damage.
- If you are thinking of purchasing flood insurance, there are two options available - to get it through the National Flood Insurance Program (NFIP), which is also known as FEMA, or through the private flood insurance market. We can help you here.
Our mission is to protect you and your property from floods
If you are thinking of buying flood insurance to have peace of mind, knowing that your home is protected, our experienced insurance agents will provide you all the information you need. You can count on us! Start your quote above or you can reach an agent via phone 401-900-INSU or via email at info@schiappainsurance.com.
