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Flooded HousesYour homeowners insurance policy covers crime and most natural disasters. But flood insurance is something insurance companies don't cover by default. So why don't insurance companies cover floods?

The reason why flood insurance is separate is that many people don't live in high flood areas. High flood areas are neighborhoods that live close to a lake, river, ocean or other body of water. Many insurance companies don't feel the need to force extra coverage on a homeowner who doesn't life in a flood-prone area. Also, flooding affects many people when it happens, forcing insurance companies to pay a lot of money for compensation. As a result, companies only offer this coverage where it's needed.

FEMA gives assistance to presidential-declared disaster areas; other government assistance has separate rules and regulations. Flood insurance covers you when nothing else will. An independent agent will tell you if you live in a high flood area. If you want coverage and you're not in a high flood area, you may have an opportunity to be covered at a lower price.

High flood areas don't have to be near a body of water to be flood prone. Melting snow and ice from the mountains or hilly areas can also lead to flooding. For insurance purposes, pipe bursts aren't considered a source of flooding. Flooding affects more than one home; pipe bursts tend to affect affect your home only. That said, homeowners insurance will often cover standard burst pipes for you. Renters can also get flood insurance for their belongings.

High flood areas aren't the only factor that affect flood insurance premiums. Location, construction, community status with the NFIP (National Flood Insurance Program) and home elevation are other factors. It takes 30 days before flood insurance takes effect, so obtaining coverage after a flood happens won't help you much.

Flood insurance is an additional option — not a main feature. It's an inexpensive investment for anyone that needs coverage. Get yours today.

Protect your home and your livelihood. Call Alliance Insurance Group at (303) 279-9700 for more information on Golden flood insurance.
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Alliance Insurance Group
710 Golden Ridge Rd., Suite 120
Golden, CO 80401

Phone: 888.279.9701