IMPORTANT FLOOD INSURANCE NOTICE

As your insurance provider, we like to keep you informed of important issues that can potentially impact your property assets.  This notice is to remind you of the importance of considering flood insurance and the importance of reviewing your policies on a regular basis.

Your homeowners policy, commercial policy, and farm policies DO NOT cover damages from floods to any property resulting directly or indirectly from water.  Excluded water losses include, but are not limited to those caused by flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not.  These types of loss or damage caused by water are excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss.  You will need to read your policy for all of the details about excluded water losses.  This is just a summary of the excluded water losses to highlight some important flood-related issues.

In most communities, you can obtain flood insurance through your Insurance Agent that is backed by the federal governments National Flood Insurance Program.  In those qualifying communities, you can obtain flood insurance protection for your property regardless of your flood zone or flood risk.

Your Insurance Agent can assist you in 1) determining if your community participates in the National Flood Insurance Program, 2) assessing your flood risk, and 3) understanding flood policy availability.  To learn more about flood insurance and your risk of flooding, access the National Flood Insurance Programs consumer website at www.FloodSmart.gov.

As you consider the risk of flooding in your area and consider your options for obtaining valuable protection, consider that:

• All property is in a flood zone, regardless of whether an area as been defined as high risk or low risk
• Nearly 25% of all flood claims are for properties located in lower-risk flood area or locations where flooding in not expected.
• Floods can happen anywhere, at any time, causing anguish, destruction and financial damage.
• Changing weather patterns, as well as residential and business development may increase your chance of experiencing a flood.
• Flooding can occur as a result of clogged, overloaded, or inadequate storm drains.  You dont have to live near a body of water to be flooded.
• Federal disaster assistance is often a loan and must be repaid with interest.
• Your commercial property, farmowners, and homeowners policies exclude flood.

Ask your insurance representative about obtaining flood insurance for all your needs today.
Thank you for choosing Greenwood Insurance Agency.
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