Should I cancel my flood insurance policy? Part 2: Facts and Data.
This is a follow-up on our last blog about the conversations we have with property owners wanting to cancel their flood insurance policy. It’s a complex decision that affects the risk we accept and how we mitigate that risk. If you like facts and data, here’s some information that might help make a decision that’s right for you.
Homeowner’s insurance does not cover losses from flood disasters. This is the primary reason it’s a big deal. You need a separate flood insurance policy to be protected from flood disasters.