Flood Insurance

Extreme weather has become a more prominent problem for New York, and residents must acknowledge that. Addressing the greater threat of severe weather requires more than repairs around your household. It would be best if you also consider purchasing flood insurance. We at Premium Brokerage Services Inc. are ready to help all New York residents seeking additional protection.

How Flood Insurance Fills the Gap in Your Coverage

Since we are talking about insurance, you probably wonder if flood insurance is required in New York. In most cases, flood insurance is not required for New York residents. However, your mortgage lender may require you to purchase that policy if you're buying a home in a flood zone.

Even if you are not bound by a lender to purchase flood insurance, making that investment is still worth considering. After all, you may be more vulnerable to the impact of flooding than you think.

Many property owners and tenants assume their existing insurance policies protect them against floods. While that assumption is understandable, it's also inaccurate. Generally speaking, homeowners', renters', and commercial property insurance policies don't include protections against flooding. By the time you discover that, your property may already be reeling from the effects of water damage.

It would be best if you had flood insurance because it completes your protection. Once that policy is secure, you don't have to dread the arrival of every storm. Flooding won't drag you into a deep financial hole because you purchased the appropriate policy beforehand.

How Flood Insurance Protects Your Possessions

Flood insurance protects many essential items inside your property. It typically covers elements such as your HVAC system and flooring. Your insurance may also take effect if your property suffers from structural damage.

The items you keep inside your home, apartment, or commercial establishment are also covered by flood insurance. Thanks to that policy, you won't have to spend a fortune replacing your possessions.

Don't leave yourself vulnerable to flooding by purchasing additional insurance today. Work with us at Premium Brokerage Services Inc., and we'll draw up the flood insurance that secures your property and possessions. Our insurance offerings are available to all New York residents, so don't hesitate to call us!