How Will I Know If I Need Flood Insurance?

Flood insurance is recommended for any homeowner in Ashland, KY who lives in a floodplain or within close proximity to a large water source. Many people don’t understand how a floodplain affects them until they experience a flood that damages their home and property. At Sharp Insurance & Financial Services, the agents can assist homeowners in determining whether or not flood insurance is something they can benefit from.

Do You Live Near Any Water Sources?

Living near a lake, pond, river, stream, or another type of water source is a good indicator that flood insurance may be needed. While the water source may not be big enough to constitute being labeled within a floodplain, heavier than normal rains can result in minor flooding. Even a small amount of flood damage can cause devastating financial loss, especially if the damage occurs inside your home. 

Where Is the Nearest Floodplain?

A floodplain is an area that is prone to flooding after heavy or prolonged rain. Floodplains are normally located in areas where there is one or more large water source that is capable of overflowing its banks after extensive rain or the melting of a large amount of snow or ice. If you are unsure of where your home is in relation to the nearest floodplain, check with your local assessor’s office or your insurance agent. Either one will be able to find the answer you are looking for.

If you live in or near Ashland, KY and are concerned about whether or not your home is located in a floodplain, call the agents of Sharp Insurance & Financial Services. They will find out the answers to your questions and make sure you have the right amount of flood insurance to meet your needs.