Flood Insurance? But, we are in the desert!
We live in the desert Southwest. It doesn’t rain often, but when it does, it can really come down.
When recommending flood insurance to our clients, we often hear “why would we need flood insurance, it never rains”. That is partly true, Phoenix and Arizona is well known for the number of sunny days we enjoy. However, this doesn’t mean Arizona Homeowners should not consider flood insurance. We have had an active Monsoon Season in 2014 and it’s not quite over yet. On September 8, 2014, the Metro Phoenix area received a historic rainfall, the wettest in it’s history. Monsoon rains can blow in suddenly and the rain can come down very hard and overload the sewers and canals designed to carry it away. Metro Phoenix and it’s neighbors- Scottsdale, Mesa, Tempe, Gilbert, Chandler, Glendale, Peoria, Surprise, Anthem, Carefree, Cave Creek, Queen Creek are all part of the Valley of the Sun. The mountains that surround the valley often drive the rain down their slopes and into our neighborhoods, streets and sewers. We often find the downpours are too much for our valley drainage systems and some neighborhoods experience flooding. Occasionally, the flooding can be severe, as we have seen in 2014. An Arizona Republic and 12 News story recommends homeowners review their insurance coverage and consider flood insurance. Now, the good and bad news…
Most home insurance policies DO NOT COVER FLOODING
The bad news is, most homeowners insurance policies DO NOT provide coverage for flooding. The good news, flood insurance is available through Greene Insurance Group and the National Flood Insurance Program. Flood insurance is not required in most areas of Metro Phoenix, however if you live in one of Maricopa Counties designated flood plains and are financing your home with a mortgage, your mortgage company will likely require flood insurance.
How much does flood insurance cost?
Flood insurance rates are established by FEMA (Federal Emergency Management Agency) and can vary depending on the areas flood potential or risk.
Call us for a package home and flood insurance quote at 480-657-2800.