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Tuesday, April 25, 2006

Flood Insurance

Insurance policy designed to cover hurricane damages and for all natural calamities. Most people are cover by their home insurance policy for natural calamities. Most of the damage that resulted from hurricane Katrina was resulted from flood damage. Flood damage is not covered under standard homeowner´s insurance policy. Flood insurance has been offered by the federal government since 1968 through FEMA (Federal Emergency Management Agency). Most insurance companies in coastal areas will package flood insurance in with their homeowner´s insurance policies.

Homes were destroyed completely during hurricane Katrina in Louisiana, Alabama. They are recommended for flood insurance. The insurance company will access the damage and assign the charges for the damages. It is important to keep the insurance records safely during a storm and make sure to keep them waterproof. Need of pictures of damages to claim insurance. Then only insurance company the faster your claim can be settled and you can get your life back.

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