Category: Flood Insurance

In its most basic terms, a flood is simply when there is an excess of water on land that is normally dry. Flooding can cause serious damage and even destroy your Raleigh, NC home. Unfortunately, flooding is not covered under a regular homeowners policy. Craig Insurance Group can help you assess your risk, so you can decide if flood insurance is right for you and your family.

What Kinds Of Incidents Are Covered By Flood Insurance?

There are some kinds of water damage and mold that may be covered by your homeowner’s insurance, such as when a storm causes direct damage to your roof and allows water in. Here are the kinds of events that are covered by flood insurance:

• When a river, lake, or other body of water overflows its banks.
• When a hurricane causes a storm surge.
• If there is heavy rain that causes water to build up faster than it can drain.
•  A mudflow or mudslide.
• When a large amount of snow melts and manages to get into your home.

What Is Protected By Flood Insurance?

If you have flood insurance, you have protection for:

• your home itself and any unattached buildings on your property,
• plumbing, HVAC, electrical, and gas systems, 
• small and large appliances,
• furniture,
• curtains and carpeting,
• clothing,
• and other personal items such as books and cell phones.

Call Today To Discuss Your Options

If your home or business is in Raleigh, NC, you may experience flooding at some time in the future. Flood insurance is often the only way to get protection from those kinds of damages. If you have any questions about flood insurance or if you would like to discuss your policy options, please feel free to call Craig Insurance Group today.

Owning real estate in the Raleigh, NC area has been a good idea for residents for a long time. While there are advantages that come with owning real estate, there are also risks, such as the risk of flood damage. A way you can mitigate this concern is by getting a proper flood insurance plan.

There are various situations when you will need to have a flood insurance plan. 

When Trying to Mitigate Risk

A situation when you will need to have a flood plan is when you are trying to mitigate this risk. Flood damage to any type of property can be very significant. If you are not insured, you may not have any financial support. If you are concerned about this risk, it would be a good idea to have a flood insurance plan as it will offer the support necessary to make flood damage repairs. 

When Financing and in a Flood Zone

Taking out a mortgage when buying a home is very common today. When you are looking to finance a home, you also need to consider your insurance requirements. If you are in a flood zone, as determined by FEMA, you will be required to carry insurance on it at all times. The lender will likely escrow for flood insurance payments as well. 

Reach Out To Us

There are many situations when someone in the Raleigh, NC area will need to have a proper flood plan. If you are looking to get this coverage when you are here, it would be a great idea to call our team with the Craig Insurance Group. If you do call our team with the Craig Insurance Group, you can get the help necessary to build a plan that will adequately cover your home with flood protection. 

The only thing worse than experiencing a natural disaster like a hurricane or heavy downpours is to discover that you don’t have insurance when unexpected flooding leads to severe water damage in your Raleigh, NC home.

Experienced property and flood insurance agents at Craig Insurance Group can help you protect your home and valuables against devastating floods.

How Flood Insurance Can Help Save Your Home

Flood insurance falls under the umbrella of property insurance. It helps homeowners and commercial business owners to protect themselves against the financial losses that can occur as a result of flooding.

Flash flooding can occur due to heavy rain, storms, or other natural disasters. 

Having the right flood insurance policy in place can help cover the cost of flood-related repairs and help protect policyholders against financial loss.

What Does Flood Insurance Cover?

Flood insurance helps North Carolina homeowners and business owners cover the cost of damage to their homes or business in the event of flooding.

It can cover costs related to flash flooding or floods caused by hurricanes, thunderstorms, heavy rains, and other events that cause floods. 

Having flood insurance can also help policyholders with evacuation and temporary relocation expenses for residents displaced by rising flood waters. 

What Does Flood Insurance Cost? 

Flood insurance costs depend on the value of your property, its location, and whether it is in a high-risk area for flooding.

Even if you don’t live in a high-risk area or on the coast, it’s still important to purchase flood insurance, since floods can occur anywhere at any time.

Give Us A Call

Need flood insurance? Talk to a licensed insurance agent at Craig Insurance Group to learn about flood insurance and get a free quote in Raleigh, NC and surrounding areas.

It’s easy to get drowned out by all the misinformation surrounding flood insurance. Luckily, Craig Insurance Group can keep you anchored. 

Our skilled staff can help you add a flood insurance policy that protects you, your loved ones, and your home. But, even more importantly, the agency is a great resource.

Here are four key flood insurance facts that everyone should know:

Flood insurance is a necessity

Flood insurance is rarely required. Yet it’s always warranted. And not just for high-risk areas. Under the right conditions, anyone is at risk of flood damage. In fact, FEMA reports that individuals who live in low to moderate-risk zones are five times more likely to face a flood than a house fire.

Flood insurance is likely missing from other policies

Many people incorrectly assume they already carry flood protection. This misconception can be costly. Although renters have some coverage through their landlord or building association’s plan, this is limited. It typically applies only to the building itself, excluding any interior damage. Only a dedicated flood insurance policy can safeguard your belongings.

Flood insurance is easy to add and federally supported

All policies are backed by the National Flood Insurance Program. These are then issued through local, private agencies, like Craig Insurance Group in Raleigh, NC. Although pricing will vary based on coverage needs, location, and a risk assessment, it’s easily added to existing policies.

Contact Us Today

No matter where you live in the state, floods are often unexpected and unavoidable. It’s important to be prepared. In addition to providing protection, a flood insurance policy provides peace of mind. Craig Insurance Group in Raleigh, NC is here to help. Schedule an appointment today.

Is there a requirement to have flood insurance if you live in the state of North Carolina? It’s crucial you know the answer to this question when you are buying a house there. You can talk to an agent at Craig Insurance Group of the Raleigh, NC area for more information about this matter and much more. 

Do You Need to Have Flood Insurance if You Live in North Carolina? 

It’s mandatory that people who own homes or businesses in high-risk flood zones get flood insurance if they have a mortgage from a lender that’s federally regulated. This is not required at the federal level if you have a property that’s in a low or moderate-risk area. It’s still likely a good idea to have this, especially if you have valuables that you want to cover with a policy. 

Who Is Eligible for Flood Insurance? 

You may be surprised to learn that everyone is eligible for flood insurance. In order to qualify under the National Flood Insurance Program for coverage, it depends on the community and zone you live in. If you aren’t eligible under this program, you may be able to get insurance from a private carrier.  

Why Visit an Independent Agent for Your Insurance? 

You’d do well to visit an independent agent to discuss your insurance needs. They can help you determine if you should get flood insurance coverage and what specific policy terms are best in your unique situation. Whether you are just moving into a house or opening a business in the Raleigh, NC area, you should reach out to the team at Craig Insurance Group for more assistance.

Regrettably, floods being the most prevalent natural disaster in the U.S.A, it’s unfortunate that protection for losses from flooding is not covered in standard homeowners and renters insurance policies. North Carolina is frequently vulnerable to flooding, including seasonal heavy rains and hurricanes annually. Coverage for flood damage in North Carolina is generally available under a separate policy given through the National Flood Insurance Program(NFIP). As a Raleigh, NC resident, it’s paramount to forge a contingency plan to prepare for any eventualities. Connect with our agents at Craig Insurance Group situated in Raleigh, NC to get a good coverage design to meet your needs and budget.

Is flood insurance mandatory in North Carolina?

North Carolina law doesn’t demand residents to carry flood insurance. Nevertheless, suppose your home is situated in an area designated by FEMA as a flood-prone area. In that case, you may be required to procure flood coverage to be eligible for a mortgage-backed by the federal government. Therefore, it is paramount to consider acquiring flood insurance even if your home isn’t considered as high risk of flooding. Buying flood insurance from Craig Insurance Group can be beneficial in the following ways:

Protect your property

Are you aware that even one inch of water can propagate damages worth more than $25,000 to your dwelling? Statistics from the Federal Emergency Management Agency show that 20% of flood claims emanate outside designated flood zones. Given that your home is one of the precious assets you own, it requires prolific protection from flood damage to avert exorbitant repairs out of pocket. Flood insurance also safeguards your walls, roof, floor, and other permanent fixtures in your dwelling when floods strike.

Protect your loved ones

Home is a haven for your family. Unfortunately, flooding can relegate your family to homelessness or renting a house. If you value your dwelling and your loved ones, procure magnificent flood insurance to protect them from the devastating effects of flooding.

It accords you peace of mind.

The weather is an unpredictable situation. Floods can occur abruptly without any prior warning, propagating substantial damage to your apartment and your belongings. Every time there is a looming storm, discard these worries, obtain spectacular flood insurance for inner peace of mind.

Regrettably, many residents of Raleigh, NC have the misconception that home insurance covers flood-related damages. Yet, they realize how powerful flood insurance is after the worst happens. Contact or visit us at Craig Insurance Group offices to avert these stress-stricken moments after a flood.

The Raleigh, NC area continues to be listed among one of the fastest-growing cities in the country. Along with this, owning real estate in Raleigh could be a great option for anyone that lives in the area. Those who will purchase a home in this area of the state need to make sure that they get the right insurance. One type of insurance that all people here need to get is flood insurance. There are a few reasons why flood coverage is needed here.

Mortgage Lenders Often Require Coverage

A lot of people in this area of North Carolina will need to get flood insurance because mortgage lenders often require it. A mortgage lender will want to know that your home, and their collateral, has proper protection at all times. If you are in a flood zone, they will require that you get flood coverage to protect the property and mitigate this risk.

Flood Insurance is the Best Form of Coverage

You will also want to get flood coverage because it is the best protection you can get. If you are concerned about flood damage in your area, flood coverage is the only way to protect your home fully. With this protection, you will know you will have support if your home is damaged due to floodwaters. 

People who are shopping for flood insurance in the Raleigh, NC area need to ensure that they are properly secure and protect their homes with the right type and level of coverage. Since picking this type of insurance can be complicated, it would be good to speak with the Craig Insurance Group when you are looking for your next policy. The Craig Insurance Group team can help you understand your options and choose a policy that is right for you.