Flood Insurance in Morgan City, LA
Natural disasters can wreak havoc on property owners and communities, potentially inflicting significant damage and incurring expensive financial losses.
Accounting for these perils is essential because even a small amount of floodwater entering a home or business could cause extensive property damage. With this in mind, flood insurance emerges as a valuable solution.
Do I Need Flood Insurance?
Insurance against floods can establish versatile and stout defenses against the financial ramifications of heavy rainfall, overflowing bodies of water and other conditions which may lead to floods.
Unfortunately, many property owners may assume they already have flood insurance when such natural disasters may be exempt from their policies.
Standard homeowners insurance and commercial property insurance do not typically include floods as a covered peril. This means that losses resulting from such incidents could incur expensive or even unmanageable out-of-pocket losses.
As such, property owners should highly prioritize augmenting their existing coverage with a separate flood insurance policy or a suitable endorsement.
Furthermore, in some cases, this type of insurance may be legally required. For instance, if a homeowner’s mortgage is federally backed and they live in an area at high risk for floods, they are typically required to maintain coverage as long as their loan remains outstanding.
Additionally, homeowners who have received aid through the Federal Emergency Management Agency in response to a previous flood must retain insurance or be ineligible for future assistance.
We’re Here to Help
Since 2007, the dedicated and knowledgeable team at Bruni Insurance Agency has taken pride in helping residents and businesses in Morgan City and throughout much of Louisiana secure the proper coverage. Contact us today to learn more about flood insurance or to get a personalized quote.