15 Jul Henderson Nevada Flood Insurance
“I live in the middle of a desert. Why do I need flood insurance?” If you, as a resident of Henderson, Nevada, have ever uttered this phrase, you probably aren’t alone. Living in one of the nation’s safest cities, it’s hard to imagine anything detrimental happening to your home or business, especially at the hand of floodwaters. People think of cacti and sweltering temperatures when they think of climates like Henderson’s, not floods.
Common perceptions aside, the reality of the situation is that floods can occur in nearly any location at nearly any time. While coastal properties or those alongside other large bodies of water may be more likely to see floods, the risk still remains for all property owners to be affected by flooding. Henderson’s main risk stems from flash floods. Anytime a heavy rain occurs in an area with hard, dry ground, the runoff poses a real threat to homes and properties in the affected area.
Repairing flood damages to structures and replacing goods damaged by high waters is no cheap task. Costs can easily rise to the tens of thousands of dollars, and most property owners don’t find out that their standard insurance policy does not cover flood-related costs until it’s too late . For this reason, emergency management experts recommend that all property owners obtain flood insurance policies to protect themselves financial protection against flood damages.
Residents of Henderson, Nevada are fortunate to have options when it comes to finding and purchasing a flood insurance policy. Until recently, the only option for purchasing flood insurance was to obtain a policy through the National Flood Insurance Program (NFIP). The NFIP is a government-backed program, and is available in all fifty states.
A second, and newer option, for Henderson property owners is the National Catastrophe Flood Insurance Program (NCIP). The policies available through the NCIP are privately-underwritten, and supporters of the program claim that it has more benefits when compared to the NFIP; including higher coverage limits and more comprehensive coverage. The NCIP is currently available in only a handful of states in the United States, and Nevada is included among them.
It is important to note that time is of the essence when considering insurance policies. Depending on which program you choose to purchase from, you may experience a policy activation “waiting period” of anywhere from fifteen to thirty days. Starting the selection and application process sooner rather than later means the approval and activation will occur sooner rather than later. This could end up making the difference between you being financially protected against flood damage costs and you being left to find a way to pay out of pocket.
Flood insurance isn’t something that most people plan to deal with, but neither is flooding! Taking time now to look over all your flood insurance options and choose the right plan for your property will provide peace of mind and the knowledge that if a flash flood ever affects Henderson, NV, you are already protected financially. Contact us now for more information about the Henderson Nevada flood insurance.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.
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