FLOOD INSURANCE IS ESSENTIAL ON LONG ISLAND
Just a few inches of water can do damage to a home. Hurricane or “Superstorm Sandy” was the deadliest and most destructive hurricane of the 2012 Atlantic Season, and the second costliest hurricane of the Atlantic in United States History.
Hurricane Sandy, while only a Category 2 storm, destroyed over 100,000 Long Island homes, deemed 2,000 homes inhabitable and, by March of 2014, the cost estimate of the storm totaled $68 billion.
THE NFIP SUMMARY OF COVERAGE FLOOD DEFINITION:
A general and temporary condition, of partial or complete inundation of two or more acres of normally dry land area of two or more properties, (at least one of which your property) from:
- Overflow of inland tidal waters
- Unusual and rapid accumulation or runoff of surface waters from ANY source
- Mudflow (a river of liquid and flowing mud in the surfaces of normally dry land areas, as when earth is carried by a current of water)
- Collapse or subsidence of land along the shore of a lake or similar body of water, as a result of erosion or undermining caused by waves or currents of water, exceeding anticipated cyclical levels that result in a flood as defined above”
DON’T BE FOOLED! NEITHER YOUR HOMEOWNERS NOR YOUR UMBRELLA INSURANCE POLICY COVERS FLOOD
Your standard Homeowners Insurance or Umbrella Insurance policy will not cover earthquakes or floods.
If you are looking for coverage for either of those disasters, you will need separate, specialized policies, against those types of disasters.
Flood zones (and flood maps) change. Just because you were not in a flood zone at the time you bought your dwelling, doesn’t mean you are not in one now.