Cheap Flood Insurance In Arizona

I was recently talking to my cousin on the phone. As we discussed a few small topics, I heard what sounded like an office phone ringing in the background. I asked her, “Are you still at work?” She laughed a little, then told me that yes, she was still at work because there was nowhere else for her to go at that moment in time. “Both of the roads I take to get home are completely flooded! I have to wait until the water subsides or my friend’s come out to pick me up in their boat!” This conversation just goes to show that no matter where you live, floods happen and interrupt our normal lives. An important part of dealing with the interruption of a flood is having flood insurance to financially protect ourselves. But before you start worrying about the cost of yet another insurance policy, let’s discuss cheap flood insurance in Arizona.

Flood damage is not inexpensive to repair. Even as little as an inch of water can cost a home or business owner $10,000 worth of damages. Not only do appliances and electronics need to be replaced, oftentimes floors and walls must be completely refinished as well. If you have spent any time looking over your home or business insurance policy, you will notice that damages caused by floodwaters are not covered! This means that you are responsible for paying the entire cost to repair flood damages. For most people, this would be impossible to do and could even lead to financial ruin. However, if you have a flood insurance policy, most of the damage-related costs would be covered by the policy, leaving you with the funds needed to repair or rebuild.

In order to find cheap flood insurance in Arizona, you might consider looking at the two sources for flood insurance. The oldest provider of flood insurance policies is the National Flood Insurance Program (NFIP). This program was established in the 1960s and was the only flood insurance provider for many years. Recently, a privately underwritten program appeared on the market. The National Catastrophe Flood Insurance Program (NCIP) is available in a limited number of states, including Arizona. Each program has different types and amounts of coverage and bases their premiums on different criteria. Examine each one carefully to find the best fit for your home or business.

If you live in a flood prone area and know how high floodwaters could rise and where they are most likely to cause damage, you can take specific steps to reduce the amount of damage those floodwaters can cause. These steps can be another step in your journey to find cheap flood insurance in Arizona. If you know that floodwaters typically rise by a foot or two, elevating your air conditioning unit on a platform above that level is a way to cut insurance premiums. The Federal Emergency Management Agency (FEMA) has a list of several steps like this which can be implemented to save you money.

Purchasing a flood insurance policy is certainly an investment, but with a little research, you can find cheap flood insurance in Arizona. When you find that insurance policy, you can rest easy knowing that you saved money and are prepared in case a flood impacts your home or business.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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