Even if you aren't in any of these areas and your basement is very porous and you get a lot of rain, you too face a flooded basement. It happens more often than you think, and does a great job at causing property damage. In some instances your homeowners insurance will cover it, in others it will not. Let's take a look deeper into how flood insurance works within the United States. If you live in a community which participates in the National Flood Insurance Program, you are eligible to purchase flood insurance. There is one notable exception to this, which is homes which are located in the Coastal Barrier Resources System. In 1982 Congress passed this act to discourage people from building homes in fragile costal areas. The Federal Emergency Management Agency's (FEMA) department of Federal Insurance Administration manages the National Flood Insurance Program. Communities which wish to partake in the program have to design and adopt a floodplain management ordinance designed to minimize the amount and intensity of flooding in the community. Currently there are over 18,000 communities nation wide participating in the program. FEMA has written a definition for a flood, which states that a flood is "A general and temporary condition of partial or complete inundation of two or more acres …show more content…
How much do you really know about the company other than they offer insurance and that their ads feature a duck? In 1955, the Amos brothers founded Aflac. Their claim to fame back then was that they were the first insurance companies to offer cancer policies. Today, they offer insurance for an accident or disability, cancer, dental, hospital confinement, hospital sickness, intensive care, long-term care, life, short-term disability, specified health, and vision care. This Fortune 500 company has more than $50 billion in assets. They also offer great employee benefits, including one of the world's largest on-site daycare facilities. Here is a little more on the different type of insurance policies that they offer: Accident/Disability-If you are injured in an accident, you can purchase their Accident Indemnity plan. Coverage for travel expenses and hospital bills are covered. They pay you directly within four days of receiving the claim. Aflac's Cancer/Specialized Disease policies cover hospitalization to chemotherapy and radiation treatments. They pay a benefit immediately for first-time diagnoses. Dental insurance through Aflac drops the need for tricky deductibles. You choose any dentist and they pay cash to you within four days of receiving your claim. Hospital Confinement offers coverage for you anytime you are required to spend more than 23 hours in a