As a homeowner in Louisville, it is important to have the right insurance to protect the investment you have made in your home and personal belongings. Whether you live in rural horse-country or downtown near Riverfront Park, you never know when a disaster may strike. While typical homeowners insurance policies provide coverage for most forms of damage, flooding is not one of them. Do not wait until it is too late to secure the right Louisville, KY flood insurance policy for your home.
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Facts about the Great 1937 Flood
- The Ohio River reached 30 feet above flood stage
- 385 people died, including 90 in Kentucky
- More than 175,000 people from Louisville and surrounding areas were evacuated
- Some towns were under 8 feet of water
- 60% of Louisville was covered with water
- In today’s dollars, damages totaled over $1 billion
Do I Need Louisville Flood Insurance?
The simple answer is yes. Almost everyone needs flood insurance, but Louisville residents are particularly prone to flood damage. The Ohio River runs through the city, and low-lying areas flank either side for miles. For years, people were allowed to build on these high-risk flood plains. Today, there are ordinances that regulate any new construction, but some old buildings and houses are still at risk. The Ohio River floodwall does a lot to protect Louisville residents from serious flooding but with a large number of creeks and streams throughout the area, the risk is still potent.
Purchase Louisville flood insurance not only to protect your home but to give you peace of mind. Flooding does not always come from a river. If your pipes burst or a large amount of water gets into your house from a storm, your homeowners policy may cover that water damage, but it will not cover damages caused by water that enters your home through your basement or because of a flood.
What Is the NFIP?
NFIP stands for the National Flood Insurance Program. Developed in 1968, this federal program offers flood insurance for homeowners, renters, and businesses throughout the nation. These policies provide coverage if a flood ruins your home or personal belongings. You can choose to purchase coverage for the structure of your home, or for your personal belongings, or for both. Keep in mind that there is a waiting period. Your policy will not take effect until 30 days after your first payment.
Find Affordable Louisville Flood Insurance Quotes
You may not like the idea of paying for another insurance policy, but the damages a flood can cause are often far more expensive than paying for years of insurance premiums. Just an inch of water can cause thousands of dollars' worth of damages because it can compromise the structural integrity of your home. Water can also lead to other problems over a long period of time, such as mold and mildew. Living next to the river has its advantages, but it is important to make sure that you take advantage of the protection that is offered.
If you are not sure where or how to secure a Louisville flood insurance policy, contact an independent agent in our network. Your member agent can find a policy that matches the coverage limits you already have on your homeowner policy and can work with you to identify coverage gaps that place you at risk.
To get the flood insurance you need, contact a member agent in your area today.