One of the most devastating things that can happen to a home is significant water damage by a flood. For those that are in the Bethlehem, PA area, one of the best ways to protect against this is by getting a flood insurance policy. There are many people who do need to have a flood insurance policy to be compliant law and provide themselves with the right level of protection.
High Risk Flood Area
The first situation in which you may need flood insurance is if you live in a high-risk flood area, as determined by FEMA. If you live in one of these areas, a federally-backed mortgage lender will be required by law to require you to carry flood insurance and they may even escrow for it each month. Even if you are not located in a high-risk area, your mortgage lender may still require you to have it if there is still a perceived level of additional risk.
Lack of Flood Control System
While there are plenty of areas across the country that are in high-risk flood zone areas, there are still many people outside of these zones that should still carry flood insurance. A sporadic flood can happen anywhere, which could lead to significant water damage in your home. In many cases, the level of flood coverage that you will have in your policy may not cover all of this damage. Because of this, it may be a good idea to purchase additional flood insurance to protect you. This is particularly and especially true if your home does not have a flood control system.
Since flood damage can be so devastating, all people in the Bethlehem, PA area should speak with and insurance agent to better understand their needs. One insurance agent that you should speak to is Saucon Insurance Agency. Saucon Insurance Agency can help you better understand what your risks are and help you choose a flood insurance policy that provides you with the right protection.