Many people think they don’t need flood insurance, but flooding certainly happens across Alabama. When you own a home, you need to have a flood insurance policy on it to protect yourself financially. If you don’t have a flood policy, call us at Magic City Insurance Group LLC in Birmingham, AL to find out more and to get a policy. 

The National Flood Insurance Program

One of the reasons that flood insurance is easy to get is that it’s backed by the National Flood Insurance Program and is available across the nation through this program. It’s guaranteed by this national program, so you can trust these policies. It can’t go out of business or close up shop if there are a lot of claims to it. It’s a trustworthy program that has meant a lot to those who have experienced flooding. 

Home Insurance and Flooding

Flooding isn’t covered by home insurance policies. There are many people who skip flood insurance because they assume their home insurance will take care of it. However, it won’t. You always need to have this coverage in case of a flood. Even if your area isn’t designated as a flooding zone, it can still become flooded. Among flood claims from homeowners, about 20% of them come from outside of areas that are designated as flood zones. That makes it likely that virtually anywhere in the area can become flooded when the weather is right. You may not be near a creek or river and can still experience a flood due to heavy rainfall. To make sure you’re protected, always keep a flood policy. 

Get Flood Insurance

When you own a home, you need flood insurance. To get a policy of your own, give us a call today at Magic City Insurance Group LLC in Birmingham, AL. 

To give an accurate answer to this question is not a trivial matter. Due to the effects of climate change, industrialization, and urbanization, high-risk areas are on the rise. When looking for flood-related insurance, a study of historical and present data is necessary to make an accurate decision. For a more in-depth look at flood insurance, contact Magic City Insurance Group LLC, serving the greater Birmingham, AL community.

Is Flooding Only Prone to High-Risk Areas?

What makes this question a bit complicated to answer is the fact that climate change is changing the areas prone to flooding. What may have been a high-risk area for flooding 15 years ago might not be today. Similarly, what was a low-risk area 20 years ago, might be a high-risk area today.

For example, climate variations cause river floods to become more extreme and frequent in some areas while diminishing both size and frequency in others. It also vastly increases the amount of rainfall in some locations while drying up others.

Another example of how climate change impacts what we call high-risk areas is rising sea levels. It is theorized that this phenomenon occurs due to melting icecaps, but that’s a topic for another day. When sea levels rise, more areas come under water, and the adjacent land is more prone to flooding. A 2022 study by the World Bank indicated that 1.81 billion people are affected by flood risk, and the number is constantly rising.

Apart from climate change, urbanization also pushes more people to live in high-risk areas. In this scenario, the population is usually of a lower income bracket and must risk their families’ lives to make a living. The situation is worsening as the majority of these people cannot afford flood insurance. If the trend of high-risk areas increasing continues, it is possible that such policies will also rise in cost.

Contact Us Today

High-risk areas are changing due to several factors, making flood insurance more of a necessity. To learn more about flood coverage and available policies, contact Magic City Insurance Group LLC. Our insurance experts are proud to serve the residents of Birmingham, AL and surrounding areas.

If you live in a flood zone, flood insurance may be a wise investment. Many insurance policies aren’t designed to pay for flood damage. This is one of the many reasons why flood insurance is a good investment. It’s specifically designed to pay for the repair and replacement of items and structures damaged by flooding.

Our team at Magic City Insurance Group LLC is committed to helping Birmingham, AL residents understand flood insurance and get the coverage they need.

What is Flood Insurance?

The national flood insurance program or NFIP is designed to cover losses directly associated with flooding. Flood insurance is similar to any insurance in that it covers or pays for the repair or replacement of property and personal items damaged by flooding. The need to rely on government assistance or out-of-pocket money is offset by flood insurance because it pays for any and all of your flood-damaged items as well as structures and more. 

Will Flood Insurance Cover My Car’s Water Damage?

Flood insurance is designed to pay for items specifically damaged by flood waters. If your car has sustained water damage that didn’t come from flooding, flood insurance won’t pay for its repair or replacement. Your auto insurance policy could be used to cover the repair of your water-damaged car if you have the proper coverage. However, the repair of your car would only be covered under a flood insurance policy if the water damage was a direct result of flooding.

In essence, flood insurance is only designed to cover losses that are a direct result of flooding.

Contact Us Today

If you have questions about flood insurance, call us at Magic City Insurance Group LLC in Birmingham, AL. We’d be happy to explore the benefits of flood insurance and help you get the coverage you need. 

Flood insurance provides financial support for a water build-up on your property. Depending on the risk posed by a given location, flood insurance can provide up to a $3 million payout. 

The insurance protects your home against major flooding if a body of water exceeds a certain level. It can also be used to cover emergency repairs such as flood damage caused by a storm. If you have related questions, Magic City Insurance Group LLC in Birmingham, AL is here to serve. 

Benefits of Flood Insurance 

If you are considering purchasing flood insurance, you should do your research and get the correct amount. Flood insurance provides certain benefits to property owners, such as flood relief and reduced risk of flood damage. 

Flood insurance can be a great insurance policy for small business owners who want to ensure their customers are covered. The policy helps prevent or reduce the risk of flood damages. It can also be used to cover personal expenses like emergency repairs or expenses for monitoring and controlling flood risks. 

The insurance provides an added layer of safety for homes, businesses, and other structures when a major flood occurs. It can also be used to mitigate the risk of a major flood by reducing the risk of future floods. Flood insurance can offer a number of benefits, including saving money by purchasing flood insurance when a flood occurs, preventing future floods, and reducing the risk of a catastrophic flood. The insurance provides a guaranteed level of insurance against flooding. It can be used to cover your home when it floods, or for other purposes. 

Give Us A Call

When considering the flood insurance advantages, don’t limit yourself to looking at the potential risk of a major flood. Focus on the potential cost of repairing or replacing your home after a flood. Flood insurance can also provide an important tool for mitigating risk. 

It can offer a guaranteed level of insurance against flooding. Flood insurance can also help prevent future flood damage by paying for damage that you do not cause. Consult with us at Magic City Insurance Group LLC in Birmingham, AL for expert insurance advice.