Premiums are the money the policyholder pays for insurance. The insurer must pay the death benefit when the insured dies if the policyholder pays the premiums as required, and premiums are determined in part by how likely it is that the insurer will have to pay the policy’s death benefit based on the insured’s life expectancy.
Without flood insurance, you could be out tens of thousands of dollars.
A flood can destroy your home and your financial security. From 2010 to 2014, the National Flood Insurance Program paid out an average of more than $42,000 per claim. But flood damage doesn’t have to drain your bank account. Flood insurance can offer you financial protection and peace of mind knowing that you’re covered by a flood insurance policy.
Protect what matters with flood insurance before the next storm.
Floods can happen in a matter of hours, and typically there’s a 30-day waiting period for a flood insurance policy to take effect. Act now and get flood insurance before it’s too late.
