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Flood Insurance Sapulpa OK

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.

Allstate Insurance - David Gibbon
(918) 246-9433
12 W 2nd St
SAND SPRINGS, OK
Services
Homeowners Insurance

Allstate Insurance - Linda Archer
(918) 627-8600
5605 East 41st
TULSA, OK
Services
Homeowners Insurance

Farmers Insurance Group of Companies
(918) 369-6666
11134 South Memorial Drive
BIXBY, OK
Services
Homeowners Insurance

Allstate Insurance - Kelly Gonzales
(918) 664-2424
10396 E 21st St
TULSA, OK
Services
Homeowners Insurance

Shelter Insurance - Preston Young
(405) 773-5500
6011 Northwest 63rd Street Suite 250
OKLAHOMA CITY, OK
Services
Homeowners Insurance

David VanEaton Agency - Farmer''s Insurance Group
(918) 851-7000
1515 East 71st Street - Stuite 200
TULSA, OK
Services
Homeowners Insurance

Allstate Insurance - V. Karen Howard
(918) 742-2784
3315 S Yale Ave #200
TULSA, OK
Services
Homeowners Insurance

Stumpff-Cooke Insurance Agency
(918) 369-6009
12844 South Memorial Drive
BIXBY, OK
Services
Homeowners Insurance

Harrington Dean
(405) 701-5352
110 North Mercedes Drive
NORMAN, OK
Services
Homeowners Insurance

Allstate Insurance Companies - Sales Offices- Del City
(405) 677-4844
5542 East Reno Avenue
OKLAHOMA CITY, OK
Services
Homeowners Insurance

What You Need to Know about Flood Insurance

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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 ...

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