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9 Reasons Why You Need Flood Insurance in New York (1)


Flood insurance in New York protects homes and their contents from damage caused by flooding water. Flooding is regarded as a temporary condition, and homeowners’ insurance does not cover the loss or damage caused by floods. Any person who is susceptible to flooding should get flood insurance. – PowerPoint PPT presentation

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Title: 9 Reasons Why You Need Flood Insurance in New York (1)

Pamphile Insurance Brokerage LLC
9 Reasons Why You Need Flood Insurance in New York
  • Flood insurance in New York protects homes and
    their contents from damage caused by flooding
    water. Flooding is regarded as a temporary
    condition, and homeowners insurance does not
    cover the loss or damage caused by floods. Any
    person who is susceptible to flooding should get
    flood insurance.

Purchasing Flood Insurance in New York
  • Flood insurance in New York takes care of the
    home structure and its contents. Each of the
    properties has its own limits and deductibles.
    However, this policy does not cover your land.
    The areas covered include
  • The foundation of the structure
  • Water heaters
  • Appliances such as cooking stoves, refrigerators,
    and other built-in appliances.
  • Plumbing and electrical

  • Permanent carpeting
  • Furnace and central air systems
  • The contents protected by the policy include
    furniture, clothing, electronics, dishwashers,
    dryers and washers, microwaves, and air
  • When purchasing a flood insurance policy in New
    York, check all the categories of the contents
    covered to compare with what you have in your
    house. Get the total estimate value and the
    coverage limit for each. This is because some
    categories can have limits below the total value
    of your possessions that qualify.
  • Here are the reasons to help you consider
    purchasing the coverage

1. Home insurance does not include flooding cover
  • A standard homeowners insurance does not pay for
    losses incurred from flooding or earthquake. It
    will only cover your injury or damages, personal
    property, and house. Having additional coverage
    can help you get protected from the losses you
    may incur due to flooding.

2. Living outside a flood-prone area does not
guarantee the safety of your property
  • The government tries to estimate the places prone
    to flooding, but that may not reflect the
    existing risk for flooding. If you are wondering
    just how much is flood insurance in New York? You
    should understand that this depends on risks such
    as flood-prone zones and climatic factors.
    Flooded areas are often determined by what
    happened before, but times and climates change,
    making it difficult to predict the future.
  • Due to such changes, floods can occur outside
    hazardous areas. Perhaps the best way to assess
    the vulnerability of your home is to use the
    flood map and follow the dates.

3. Some of the economic losses come from areas
that are not flood-prone
  • The U.S. weather department claims that urban
    drainage is causing floods in non-flood prone
    regions. Severe flooding occurs due to the flaws
    in urban drainage systems. This means that not
    living in flood-prone areas is not an excuse for
    not taking the flood insurance.

4. Damages of flooding can be catastrophic
  • Floods are the most commonly experienced and
    expensive natural disaster in the United States.
    They cause damage worth billions of dollars each
    year. Therefore, without purchasing flood
    insurance in New York, you can find it hard to
    recover from the ordeal and take care of the
    renovation costs by yourself.

5. Flood insurance is affordable
  • How much is flood insurance in New York? Many
    people tend to ask this question more often. For
    your information, flood insurance is very
    affordable, especially if you are buying a
    standard homeowners insurance. The insurance
    company can easily include flood coverage at an
    affordable cost. In the United States, almost all
    homeowners purchase flood insurance, whether they
    need it or not.
  • For just a reasonable amount, the insurance firm
    can cover the damages incurred due to flooding.
    Therefore, you have much to lose if you dont buy
    the coverage.

  • The law requires you to get flood insurance if
    you are buying a home in a flood-prone location.
  • Although the government has not made it mandatory
    for citizens to have flood insurance, people
    still need coverage before taking a loan to
    purchase a house in flood-prone regions. This is
    most especially if you are borrowing from an FDIC
    backed bank. You will be penalized if you dont
    comply with this rule.

6. By not purchasing flood insurance, you are
gambling with your life
  • Your home can incur losses and damages due to
    heavy rains. This can happen whether you live in
    an area prone to floods or not. Heavy rains can
    go on for days in a row and flood the entire
    city. Such instances have been reported where
    cities have been submerged in water for days,
    causing loss of lives and property.
  • Climate is challenging to predict, and rains can
    easily damage your structure or possessions. It
    is not worth taking such a huge risk as this one.
    The consequences of not having coverage can be

7. Torrential downpours and hurricanes are not
the only causal factors for flooding
  • Floods can be caused by a lot of factors other
    than heavy rains and hurricanes. Some overlooked
    weather scenarios, such as winter storms, melts,
    and mudslides, can cause peril as well.
  • Also, the lack of adequate drainage systems and
    malfunctioning of protective devices like dams
    and levees can cause floods. Looking at these
    factors should change your mind about taking
    flood insurance in New York.

8. You can be reimbursed for damage prevention
  • If you have flood insurance and there is an
    imminent threat of flooding in your area, you can
    be eligible for reimbursement expenses of up to
    1,000 for preventive measures. The costs which
    qualify for reimbursement include pump rentals
    and storage space for protecting your belongings.

9. It will cost you more if you accept federal
disaster assistance
  • If you incur damages due to floods when you dont
    have flood insurance, the federal disaster
    assistance can help you recover. However, federal
    disaster assistance will cost you more than you
    bargained for. It is treated like a lending
    institution that charges interest on the money
    received. Comparing this to a flood insurance
    premium, you better go for the latter.

  • Flood insurance in New York may not be required,
    but it is necessary whether you are in a
    hazardous area or not. Securing your property by
    upgrading your homeowners insurance is very
  • Buying flood insurance is the greatest investment
    you can make. It will ensure your home is well
    covered against average damages and losses and
    flood-induced losses as well.
  • Whether you reside in flood-prone regions or not,
    you do not have to risk losing your valuable
    investment due to a natural disaster. You can
    prevent incurring more losses and other expenses
    by protecting your property.
  • The above reasons should be enough for you to
    make an informed decision regarding the inclusion
    of flood insurance in your home insurance.
  • Pamphile Insurance Brokerage, LLC offers flood
    insurance NY coverage. Call us today at (516)
    323-8558 to discuss your options.

Contact Us -
  • Address 70 East Sunrise Highway Suite 500
    Valley Stream, New York 11581
  • Phone (516) 323-8558
  • Email wpamph_at_gmail.com
  • Website https//wpinsurances.com/
  • Blog - https//wpinsurances.com/9-reasons-why-you-
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