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You do not need to live in a flood zone to experience a flood.
The following article from our partners at Assurex Global, “April Showers Brings May Floods,” indicates that nearly 25% of flood insurance claims come from areas mapped outside high-risk ‘flood zone’ areas.
Further, according to U.S. Spring Outlook posted by National Oceanic and Atmospheric Administration (NOAA), heavy rainfall and late spring snow storms (including four “Nor’easters” impacting the East Coast) began to contribute to damaging flood events, prior to the typical spring ‘rainy’ season.
This piece contains information that may surprise, and definitely inform you about the misunderstood subject of flooding, including your likelihood of an event, if homeowners insurance provides coverage (in short, it does NOT), along with costs and how to purchase proper flood insurance coverage.
Source: Assurex
We urge you to contact the personal risk advisors at Oswald Companies to discuss this, and your other risk management needs.
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