They definitely should have flood insurance. Not only do they live in an area that floods every two years, they live near two sources of water and it snows every year a couple of feet. So every time the snow melts both of those sources water level is going to increase. While other across the country never think about the day they would possibly need flood insurance the Leylands do.
If the Leylands had looked up flood insurance they would have immediately seen FEMA’s website and their national flood insurance program. Then after reading over the page they is a link to get more information from the flood smart webpage. It gives you tips on how to control flooding, how to find and agents, determining risk and much more. On one of the information …show more content…
Like most insurance there is a deductible. Just because it is a federal program does it mean you get away from the structure and how insurance policies work. Another thing even though the broad term is flood insurance it only is coverage by flooding cause by mother nature, not a pipe busting in your home. At the same time it makes sense why would the government create a program to cover a pipe bursting in your house. That is preventable to some extent, on the other hand there absolutely no control of storms that cause flooding. The bad side in coverage is that it does not cover any currency, anything outside in the yard, or cars that the property owner …show more content…
Also the policy only covers up to 2500 dollars in art and they have 25,000 dollars worth of artwork (National Flood Insurance Program). Now while there are downsides to paying all of this money for a policy, the Leylands need to remember that their homeowner’s policy will not cover any of the flood damage. The best thing for them to do would to be go ahead and get a policy because the house itself is 165,000 dollars and that is covered by the policy. In my eyes it is worth it to have the policy for the house itself even though the contents are not covered. If I was the insurance agent I go the next step further and recommend keeping the coins in a waterproof safe and the artwork out of the basement if they had one. That way the coins are protected and the artwork is somewhat
If the Leylands had looked up flood insurance they would have immediately seen FEMA’s website and their national flood insurance program. Then after reading over the page they is a link to get more information from the flood smart webpage. It gives you tips on how to control flooding, how to find and agents, determining risk and much more. On one of the information …show more content…
Like most insurance there is a deductible. Just because it is a federal program does it mean you get away from the structure and how insurance policies work. Another thing even though the broad term is flood insurance it only is coverage by flooding cause by mother nature, not a pipe busting in your home. At the same time it makes sense why would the government create a program to cover a pipe bursting in your house. That is preventable to some extent, on the other hand there absolutely no control of storms that cause flooding. The bad side in coverage is that it does not cover any currency, anything outside in the yard, or cars that the property owner …show more content…
Also the policy only covers up to 2500 dollars in art and they have 25,000 dollars worth of artwork (National Flood Insurance Program). Now while there are downsides to paying all of this money for a policy, the Leylands need to remember that their homeowner’s policy will not cover any of the flood damage. The best thing for them to do would to be go ahead and get a policy because the house itself is 165,000 dollars and that is covered by the policy. In my eyes it is worth it to have the policy for the house itself even though the contents are not covered. If I was the insurance agent I go the next step further and recommend keeping the coins in a waterproof safe and the artwork out of the basement if they had one. That way the coins are protected and the artwork is somewhat