How Flood Insurance Protects Your Home and Business

You consistently protect your home and business with the appropriate insurance policies to ensure against fire, theft and other damage.  As a home or business owner, you know that this is the responsible action to take.  While these policies will protect your assets from unknown threats, you should be aware that they do not cover flood events.  Homeowners and commercial policies do protect property during significant weather events, but they do so to the exclusion of flooding.  That is why Congress created the National Flood Insurance Program in 1968 to assist citizens impacted by these types of events.  If you are concerned that your home or business is at risk from a flood event, call the team at Calhoun Risk Management.  They understand the needs and challenges that homeowners and businesses face in the Minneapolis, MN area. 

For homes or businesses located in areas deemed to be “high risk” for flooding, owners may be required to purchase flood insurance by their lender.  Those located in areas deemed to be “moderate” or “low” risk areas can also purchase flood insurance if desired.  They will often be able to purchase the coverage for a lower premium.  Regardless of where the property is located, the coverage ensures the building and its contents up to a certain dollar amount.  Coverage for a building’s contents is also available for renters. 

Having insurance for your home and business is important.  If you think that you might need additional flood insurance, call the team at Calhoun Risk Management.  They work with businesses and homeowners in the Minneapolis, MN and can help assess your risk level.  Then they will work to get you the coverage you need.  Your property is important.  Get the coverage you need today!