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Floods are a common natural disaster that can occur in any part of the country, including Ohio. According to the Federal Emergency Management Agency (FEMA), floods are the most common natural disaster in the United States, and unfortunately, many homeowners in Ohio do not have flood insurance. This can leave them vulnerable to the devastating financial impact of a flood.
In Ohio, only about 10% of homeowners have flood insurance. This is a concerning statistic given that floods are the most common natural disaster in the state. Additionally, the Ohio Emergency Management Agency reports that over the past decade, Ohio has had more than 200 flood events that have resulted in over $500 million in damages. Without flood insurance, homeowners may have to pay for these damages out of pocket, which can be financially devastating.
Flood insurance can provide crucial protection for Ohio homeowners in the event of a flood. It can cover damage to a home's structure, as well as damage to personal belongings. In some cases, it can even provide additional living expenses if the home is uninhabitable due to flood damage. This can be especially important in Ohio, where floods can cause significant damage to homes and property.
Furthermore, it's important to note that standard homeowners insurance policies do not typically cover flood damage. Homeowners in Ohio need to purchase a separate flood insurance policy in order to have this coverage. While it may seem like an additional expense, the cost of flood insurance is often much less than the cost of repairing flood damage out of pocket.
It's worth noting that flood insurance is often more affordable than homeowners may realize, particularly for those living in areas with a low-to-moderate flood risk. There may be discounts available for certain homeowners, such as those who live in communities that participate in the NFIP's Community Rating System or those who have taken steps to mitigate their flood risk.
Ohio homeowners should seriously consider purchasing flood insurance to protect themselves in the event of a flood. With floods being the most common natural disaster in the state and the potential for significant damage and financial loss, the importance of this coverage cannot be overstated. Don't wait until it's too late - contact Giangola Insurance today to discuss adding flood insurance to your policy.