Having flood insurance is a must for most property owners. Floods can happen for many reasons. A water main outside your home may burst due to cold temperatures or wear and tear. A storm can cause significant flooding. A nearby river can overflow after days of rainfall. While many people think that insurance for floods is unnecessary, and some mistakenly believe they have coverage even if they do not, it it’s in your best interests to take steps to protect your home. What don't you know about flood insurance that you should? 

1. Did You Know That Flooding is the Number One National Disaster in the Country? 
In the US, floods occur in virtually every area. In fact, it takes just an inch of water in your home to create significant damage. To further see the value of flood insurance, consider the fact that flooding does about $1 billion worth of damage in the United States each year. 

2. Not Even Half of Flood Damage is Protected Federally 
The Federal Disaster Assistance declaration, something governors can request in heavily damaged areas, isn't something to rely on. In fact, less than 50 percent of flooding occurrences will receive coverage from this fund. More so, most forms of this coverage come to you in a loan that you'll need to pay back over time. 

3. High-Risk Areas Shouldn't Go Without Coverage 
If you live in a flood plain, also considered a high-risk area, you need to have flood insurance in place. Nearly 75 percent of claims for floods come from areas that are high-risk. And, if you do not live in a high-risk area, still realize the value of this type of insurance. 

4. Realize What Flood Insurance Can Offer 
Many people don't know how helpful flood insurance plans can be. It can provide you with immediate financial help to stop the flooding, cleanup service coverage, help replacing belongings and help with structural damage. In many cases, this can save you thousands of dollars. 

5. You Need Coverage if You Have a Mortgage 
Most mortgage lenders require homeowners to maintain flood insurance. That applies even in low-risk areas. 

Flood insurance offers key benefits to most homeowners. Don't overlook the value it can provide to you and your family. 

Get a quote today. Contact Nobles Insurance Agency for more information on North Carolina flood insurance.