Articles Editor's Blog Reader Mail

Flood Insurance Dodge City KS

Usually you have to add insurance coverage for flood insurance. You will have some level of disaster protection through your homeowners insurance. Read on and know more.

Gall And Jones Insurance
(620) 225-0114
210 West Spruce Street
Dodge City, KS
Kansas Farm Bureau Financial Services Michael Baker
(785) 863-2441
504 Liberty St
Oskaloosa, KS
Abk Insurance Agency Inc
(785) 862-9500
1607 Southwest 37th Street
Topeka, KS
Allstate Insurance Bill Mull
(316) 945-0090
4800 W Maple #116
Wichita, KS
Kansas Farm Bureau Financial Services Pauline Hermann
(785) 448-6125
N Hwy 59
Garnett, KS
Laudick Roger Insurance
(620) 227-8054
2400 1st Avenue Suite 102
Dodge City, KS
Shelter Insurance Mcelroy Gene
(620) 624-6011
225 North Washington Avenue
Liberal, KS
Johnson Robert Insurance
(913) 651-4600
744 Delaware Street
Leavenworth, KS
Farmers Insurancetravis Swift
(316) 733-2400
105 South Andover Road
Andover, KS
Hower Cindy
(785) 364-2921
101 West 4th Street
Holton, KS

What You Need to Know about Flood Insurance

Provided By: 

Flood Insurance

Normally, you will have some level of disaster protection through your homeowners insurance. However, check the fine print - you usually have to add insurance coverage for flood insurance.

We have to remember that insurance companies are always stacking the odds in their favor. As risk goes up to them, the price of the insurance coverage will increase. It's that simple. If you want flood insurance coverage, you likely live in a place that gets floods, right? Therefore, you can expect flood insurance coverage to be expensive.

The key factor in getting any kind of natural disaster coverage is whether your area is prone to that kind of disaster.

This brings us to the topic of flood insurance. In many parts of the country (especially hurricane-prone areas) flood insurance is critical.

The average US flood insurance premium in 2003 was $416 a year. The average amount of flood insurance purchased for an individual property in 2003 was $151,489. Given the kinds of claims that are made when properties are damaged by flood, the costs of premiums are very reasonable, although the recent challenges with hurricanes in the south are likely to drive the cost of insurance up. The number of claims in 2004 should be expected to be unusually high because of the unusual number and ferocity of the hurricanes in 2004.

If you need flood insurance, you should be aware of the different kinds of policies. Flood insurance policies are generally available in three forms: "Dwelling" (most homes), "General Property" (apartments and businesses) and "Residential Condominium Building Association Policy" (condominiums). All of these policies will have limit's on coverage.

The big questions on most peoples minds are what type of policy I should buy and how much coverage do I need? The Federal Emergency Management Agency (FEMA), which oversees the National Flood Insurance Program, can answer many questions about flood insurance as well as flood zones, on it's website. If you need to find out more about the details of flood insurance policies directly, go to the website for the National Flood Insurance Program (NFIP). Between these two sites, you should be able to get answers to most of your common questions, including:

  • Details about flood insurance coverage
  • Coverage and premium costs

When buying flood insurance, keep in mind that most policies will not take effect until 30 days after you purchase flood insurance. So, if the weather ...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap