Flood Insurance in Bethpage, NY

Floods are a significant concern for many homeowners in Bethpage and throughout much of Long Island. These natural disasters may strike with little warning, and even a small amount of rising water entering your home could inflict devastating damage. Given this unfortunate inevitability, physical protection may not be enough. That’s why flood insurance is a potentially invaluable resource.

What Does Flood Insurance Cover?

Flood insurance can financially fortify your property and interests through multifaceted coverage. Policies may come in various forms and can often be customized to suit your unique needs, preferences and circumstances. Still, you can generally expect them to include the following aspects:

• Structures coverage can help you manage repair or rebuild costs if physical elements of your home, such as its foundations, walls, plumbing systems and attached fixtures, are damaged by floods.
• Personal property coverage can account for your belongings, including furniture, electronics and clothing, should they be damaged or swept away by a flood.

Additionally, your policy may help pay for remediation and removal of contaminated materials and debris left in the wake of receding waters.

Who Needs Coverage?

For many homeowners, flood insurance can fill a prominent and frequent coverage gap; this is because standard home insurance policies typically exclude damage caused by floods. Without this additional coverage, you’d potentially face disastrous damages that would likely have to be paid out of pocket.

Furthermore, you may be subject to official requirements regarding flood insurance. If you live in a high-risk flood area and have a federally backed mortgage, you’re likely required to carry coverage. Additionally, if you’ve previously received financial aid from the Federal Emergency Management Agency (FEMA) after a flood, you’re required to have a policy to remain eligible for future funds.

Where to Buy a Policy

Flood insurance is available in many communities throughout the United States via FEMA’s National Flood Insurance Program. Alternatively, private insurance companies may offer policies, often with greater customization opportunities and higher limits.

Contact the James V. Funaro Agency today to learn more about your coverage options or compare personalized quotes.