Flood Insurance in Kentucky
Sharp Insurance & Financial Services provides insurance protection for you and your family. This Ashland, KY insurance agency has the expertise to advise you on flood insurance and how it may help you in the event of financial loss arising from a sudden or unexpected flood.
FEMA, the Federal agency that manages the National Flood Insurance Program (NFIP), provides the financial backing to flood insurance policies written in the State of Kentucky and throughout the U.S. FEMA recommends that all homeowners should own flood insurance, even if you do not presently reside in what is called a designated flood zone. Additionally:
- FEMA states that floods are the most common natural disaster in the U.S. Floods are a phenomenon that are not isolated to a specific region of the country but affect homes in every U.S. State.
- The damage caused by even one inch of water as a result of a flood can result in more than $20,000 in expense, according to FEMA.
- A common misconception is that your homeowners insurance covers flood damage but it does not. You must purchase separate flood insurance coverage through NFIP from a licensed agency and agents authorized to provide this protection.
- A federal disaster declaration after a flood is not necessary for your flood insurance policy to pay. Again, according to FEMA, about half of the floods occurring in U.S. do not result in a disaster declaration. Your flood policy will pay if you sustain damage.
Getting Flood Insurance Information in Kentucky
Sharp Insurance & Financial Services has experienced agents on hand who are available to provide you with flood insurance information for the state of Kentucky. If you live in Ashland, KY or the surrounding Kentucky area, you should set aside some time to come to the agency and meet with an insurance professional to review your options. This meeting can provide you not only with the information you need but a quote that will help you decide the amount of flood insurance to purchase in order to give you the peace of mind you need for your home and your loved ones. Reach out to us to learn more.