Category: Flood Insurance

Understanding the Importance and Need for Flood Insurance in Falcon, CO

Water is essential for life, but uncontrolled can lead to devastating situations. Even minor flooding can result in extensive property damage, stressing the importance of being flood-prepared with adequate insurance. At Pikes Peak Insurance Agency, we aim to ensure homeowners in Falcon, CO, fully understand their flood insurance obligations.

Flood Insurance – Essential Protection for All

A prevalent misconception regarding flood insurance is that only residents of floodplains require it. However, the NOAA National Severe Storm Laboratory reports that floods account for more fatalities each year than tornadoes, lightning, or hurricanes.

Ensuring Adequate Coverage

As FEMA emphasizes, even an inch of water can wreak havoc. Standard homeowner’s policies often do not cover floods. To prepare for any severe weather, you will need to secure a separate and comprehensive flood insurance policy.

Reliable Coverage with Pikes Peak Insurance Agency

We understand the insurance needs of our customers in and around Falcon, CO. With Pikes Peak Insurance Agency, you’ll receive reliable insurance coverage designed to weather life’s unexpected storms.

The United States is a vast country with a diverse geography. Natural disasters, unfortunately, are common and affect many communities each year. Among the most serious natural disasters are floods. As a result, it’s crucial for families, businesses, and other property owners to take out flood insurance. Contact the Pikes Peak Insurance Agency, serving the Falcon, CO metroplex, to learn more about flood insurance. For now, let’s take a look at the history of floods in the United States.

A History of Floods

The Johnstown Flood of 1889

One of the deadliest floods in American history, the Johnstown Flood claimed 2,209 lives in Pennsylvania. The flood occurred after days of heavy rain overpowered the South Fork Dam, located about 14 miles upstream of Johnstown. When the dam burst, a massive wall of water barreled into Johnstown at the rate of about 40 miles per hour.

The Great Mississippi Flood of 1927

One of the most widespread floods in the history of the United States, the Great Mississippi Flood of 1927 caused over a billion dollars in damage and broke levees in over a hundred places. Hundreds of thousands of people lost their homes, and several hundred died. This flood built slowly over the course of several months, causing the Mississippi River to swell beyond its banks.

Flooding Caused by Hurricane Katrina

Hurricanes often cause flooding because they can dump massive amounts of water on land and can also cause storm surges that push ocean water inland. Hurricane Katrina (2005) ranks among the deadliest and most damaging natural disasters in history. Over 75 percent of New Orleans was flooded, and many outlying areas were also swamped. Ultimately, over a thousand people were killed by the hurricane, and roughly $100 billion in damages were incurred, although not all of it was due to flooding.

Reach Out To Us

Floods can strike anywhere, including in Colorado. Get in touch with the Pikes Peak Insurance Agency in Falcon, CO to learn more about flood insurance.

If you are a homeowner, you may know about all of the types of insurance coverage that you need to have for your home. However, you may not have all of the coverage that you think you do. If you have a home insurance policy, there are things that it covers as well as things that it doesn’t. One of the things it doesn’t cover is many types of flooding. To be protected against that, you need to have a flood insurance policy.

To get one of your own, call us at Pikes Peak Insurance Agency in Falcon, CO.

Flood Claims

There are some areas that are designated as flood zones, and these areas have a tendency to regularly flood. If you live inside one of these zones, you will likely be required to have coverage for floods. However, it isn’t just those who live in those zones who need this insurance. People outside them also need to have this protection in case of floods. About 20% of all flood claims originate from areas that are outside of flood zones. Without flood insurance, these claims won’t be paid by an insurance policy. Floods can do an enormous amount of damage to a home, and it would all be for you to pay for. 

The National Flood Insurance Program

The government funds and backs flood insurance through the National Flood Insurance Program. This program is there to make sure that people can get flood insurance. They also set the price for these policies. You can get the policy from an insurance company, and the price will be the same anywhere you go. 

Get Your Flood Policy

When you want to keep your home protected from floods, you have to have a flood policy. Call us at Pikes Peak Insurance Agency in Falcon, CO.

Flood insurance and who needs it can be a confusing topic! Luckily, the team here at Pikes Peak Insurance Agency is here to help you make sense of the topic. If you are a home or business owner in the greater Falcon, CO area, give us a call today and find out more.

Who needs flood insurance in our area?

Flood insurance can be a confusing topic for many people. If your home or office is located in a flood zone, your financial lender likely requires you to carry an appropriate flood insurance policy.

But what if you aren’t in a flood zone? Can you still benefit from flood insurance? There are some areas in our community where flood insurance is a good idea. Insurance coverage for water damage can exclude certain instances. If your home or commercial policy does not provide robust coverage for certain types of water damage, it only makes sense to take a closer look at your flood insurance options.

Our team is here to answer all of your questions and help you determine if flood insurance is right for your location. And, if you are in a flood zone and a flood insurance policy is a requirement from your lender, we can help with that too!

Now’s a great time to learn more about the benefits of flood insurance and if it makes sense for you to have this type of coverage. Give our office a call today!

Learn more about flood insurance today!

The Pikes Peak Insurance Agency is here to help our friends and neighbors in the Falcon, CO area with all of their insurance needs. If you are wondering if you need flood insurance, give us a call today to schedule an appointment and find out more.

If you have heard about flood insurance, you might have wondered who actually needs this coverage. Isn’t it just for people who live in highly flood-prone areas? In fact, it’s something that most homeowners should think about. If you are interested in getting a flood insurance policy, contact us at Pikes Peak Insurance Agency in Falcon, CO.

Floods and Homes

There are many different causes of floods from storm surges to heavy rains. The floods that reach houses can an extreme amount of damage. Homeowners who have been through a flood will have a lot of repairs to do, and it’s even possible that the home will have to be rebuilt. Tackling these costs by yourself could be a nightmare, but that’s exactly what happens to homeowners who don’t have flood insurance. 

Flood Areas

There are certain areas that are rated s being at high risk for floods. These flood-prone areas often come with legal requirements that mandate that the residents must have flood insurance. Many homeowners assume that because they aren’t mandated to have this coverage, they don’t need it. However, any area can flood. It’s up to every homeowner to get this coverage so that they aren’t left in a terrible financial position after a flood. Home insurance policies generally don’t cover most types of floods, so a separate policy is needed. Not only does it protect you, but it also gives you more peace of mind. 

The Government and Flood Insurance

Because flood policies are so needed by American homeowners, the government has set up a nationwide program for flood insurance called the National Flood Insurance Program. This is backed by the government, so your flood policy price will be the same no matter where you get it. 

Get Protected Against Floods

If your home doesn’t have flood insurance, it’s time to fix that. Call us at  Pikes Peak Insurance Agency in Falcon, CO.

You do what you can to take care of your home and protect it. You have homeowners insurance, which is a start, but often it isn’t enough to protect you from all the possible problems owning a home might run you into. One is flooding. Flood insurance is a critical form of insurance you absolutely need to consider, as it is so much more than just protecting your property in the event of a massive flood. So, if you live around CO, and own your home, Pikes Peak Insurance Agency can help protect your property with several insurance options, including flood insurance.

It Covers Burst Pipes

So maybe you’re not worried about flooding, and perhaps the way snow melts around your house doesn’t lend it to possible flooding. That’s great, but you do have pipes, and a frozen pipe can do just as much if not more damage to your property than any natural flooding can. So, protect yourself in the event of a burst pipe and opt for flood insurance.

Putting Out A Fire

Yes, problems with flooding are one issue you may not consider when it comes to fires. The water used to put out smaller house fires may actually cause more damage than the fire itself. Flood insurance will help protect you from this kind of damage. It also will help with removing mold that is caused by flooding.

Protect Your Home With Flood Insurance

Flood insurance is just one of the many forms of home insurance you need to consider. But is it right for you? Let the staff at Pikes Peak Insurance Agency work with you to help determine this. If you own a home and live in greater CO, there’s never been a better time to contact the insurance team than right now.