- Flooding is not uncommon in North
Carolina. Floods kill 140 people per year and
cause $6 billion in property damage nationwide.
- North Carolina bears the brunt of many
of the Atlantic hurricanes. Storm surges up to 20-feet high pound the North Carolina
coast.
- North Carolina experiences frequent small
earthquakes; however, bigger earthquakes have shook North Carolinians
(including one reaching a 6.6 magnitude on the Richter Scale).
North Carolina homeowners have learned to
live with the threat of flooding, but what many homeowners in North Carolina may not know is their home
has a 26 percent chance of being damaged by a flood during the course of a
30-year mortgage. Damages to the home from flooding are not only traumatic to
the structure (not to mention mentally unnerving), but flood damage can be
traumatic to the homeowner's financial health as well. To protect your home and
your financial health from flooding, it's best to invest in a homeowner's
insurance policy that will cover you, your family, and your belongings in case
this natural disaster occurs.
Currently, over 5 million people hold flood insurance policies in more than
21,000 communities across the United
States. Insurance policies and costs can
vary greatly in North Carolina
as hundreds of insurance companies offer policies and many different factors
can affect pricing/premiums. Such factors include:
- Type of structure or
construction
- Risk percentage in your
particular area
- How much coverage you feel
you need.
The biggest mistake you can make is to do nothing at all; North Carolina residents need to prepare for
these and other natural disasters by ensuring the right home insurance policy
is in place. Hundreds of insurance companies, many of which are disreputable,
sell homeowners insurance in North
Carolina. It's difficult not only to differentiate
the legitimate companies from the illegitimate, but it can be difficult for North Carolina consumers
to find the right policy at the lowest possible price. At insurehome.net, you
can find the lowest real-time insurance quotes in North Carolina.
