Flood Insurance in Snellville, Georgia?Yes, Flood insurance is the specific insurance coverage against property loss from flooding and it can affect property in Snellville, Georgia. To determine risk factors for properties, insurers often refer to topographical maps that denote lowlands, floodplains and floodways that are susceptible to flooding. If you're a property owner or thinking of buying, Cornerstone Insurance can help!
More About Flood InsuranceNationwide, only 20% of American homes at risk for floods are actually covered by flood insurance. Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.
Flooding is defined by the National Flood Insurance Program as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff of surface waters from any source, and mudflows This can be brought on by landslides, a hurricane, earthquakes, or other natural disasters that influence flooding, but while a homeowner may, for example, have earthquake coverage, that coverage may not cover floods as a result of earthquakes. Contact us to learn more about the right amount of flood coverage for your home. |
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Did You Know? When severe floods damaged South Carolina homes, only about 1 of 10 property owners had flood insurance. |