Living in Oklahoma, it is essential to have flood insurance. Residents of Poteau, OK know that Shore Insurance Agency offers reliable flood insurance. Therefore, it is crucial to understand why flood insurance is needed in Oklahoma.
If you own a home in Oklahoma's Special Flood Hazard zone, you may be required to have flood insurance. This applies if you used a mortgage supported by the federal government to purchase your house. Despite being a commonly held belief, homeowners insurance does not cover you in the event of a flood.
Since Oklahoma is prone to flooding, it is recommended that you obtain insurance for it even if you don't have to. From the 1990s to the present, Oklahoma flooding’s have led to property damage in the millions of dollars.
Some parts of Oklahoma are at a low to moderate risk of flooding. If you live in one of these parts, flood insurance is highly recommended. A quarter of the flood claims filed in Oklahoma are submitted in an at-risk area. Failure to have flood insurance can be a costly mistake.
The National Flood Insurance Program may have something to say about this issue. The program was put into place to advocate for communities forming their own plans for dealing with flooding. It brings homeowners together to reach the common goal of keeping their houses free from water damage. It would pay for damages caused by flooding even if the incident was not considered a national disaster. For this reason, you may want to consider getting flood insurance. Locally, the 1980s Oklahoma Flood Plan Management Act was begun to help the state's homeowners protect their property.
Let Shore Insurance Agency of Poteau, OK help you keep your home safe from floods by calling to make an appointment and discussing your flood insurance options.