In South Carolina, storms and hurricanes are common, putting the residents at the risk of flood damage. Given the immutable fact that flood damage is real, getting the right flood insurance protects your business and home from flood damage.
If you are new to flood insurance, it can be challenging to understand the nitty-gritty. Thankfully, when you partner with Benefit Insurance Services, serving Myrtle Beach, SC and its environs, understanding insurance can be made easy.
Why do I need flood insurance?
Did you know that for a 30-year home, damage from floods is likely to strike more than fire damage within that period? It only takes a few inches of water to put your structure and the contents inside at risk of damage. For this reason, you need flood insurance to protect your home from heavy rains, hurricanes, and tropical storms in South Carolina.
Do I need flood insurance if in a low-risk flood area?
The simple answer is yes. Because you don’t live along the coastline or near a water body, it doesn’t mean you shouldn’t be concerned with flooding. Flood damage can affect anyone. In fact, according to the National Flood Insurance Program (NFIP), 25 percent of the flood insurance claims are from people living in low to moderate flood risk areas!
By you carrying home insurance, it doesn’t mean you are protected from flood damage. Home insurance protects you from numerous risks like fire, lightning, windstorms, hails, and many more, but it excludes flood and earthquake damage. As such, you need a separate flood insurance policy to protect your home or business.
Flood insurance in Myrtle Beach, SC
As seen, you don’t have to live in a flood plain area for you to carry flood insurance — flood damage can strike anywhere. If you are looking for an agent to talk about your flood insurance needs, you have a partner to provide you with all your flood insurance needs in Benefit Insurance Services. Contact us today!