Louisiana Flood Insurance
The Federal Emergency Management Agency (FEMA), ranks flooding as the number one occurring natural disaster in the United States. Louisiana Flood Insurance, in association with National Flood Insurance, LLC, concentrates solely on flood insurance in the state of Louisiana, and makes it a priority to provide the most up-to-date information and customer service to the communities they serve.
Louisiana Flood Insurance’s goal is to assist Louisiana residents with understanding flood insurance basics and to rectify the common misconceptions. Here are a few of these misconceptions:
Homeowners insurance policies will cover flood-related damage and subsequent claims. Homeowners insurance policies generally do not cover flood-related damage and this misconception has left many homes and businesses without coverage should a flood event occur.
Flood insurance policies are expensive to obtain. Provided a business or home is located in a low-to-moderate risk zone, the total premium cost could be as low as $129 a year.
Not living near a water source means a home or business is not located in a flood zone. Flood zones do not have to be located near a water source – flooding can occur anywhere that it rains or snows. In fact, FEMA has designated the entire state of Louisiana as a flood zone, with varying degrees of risk.
Louisiana Flood Insurance and its parent company National Flood Insurance, LLC, employ flood insurance specialists who are knowledgeable about flood insurance as well as current legislation as it pertains to the National Flood Insurance Program (NFIP). These specialists act as direct representatives of FEMA and process all flood insurance policies through the NFIP.
They also love to help, so please take the time to call the flood insurance specialists today at 1-888-900-0404 for a free consultation, including a flood zone determination, a flood insurance quote, and answers to any of your questions. Please don’t be caught unaware. Protect your home and business and call today!
The Start of the National Flood Insurance Program
In1968, Congress passed the National Flood Insurance Act in response to increasing concerns about flood preparation, the devastation of flood damage, and the rising cost of flood insurance. This act established the National Flood Insurance Program (NFIP) to help alleviate the consumer cost for flood insurance as well as to modernize construction standards which would mitigate some of the damage occurred during flood events. At its inception, the NFIP was part of the Department of Housing and Urban Development (HUD).
At the dawn of 1972, there were fewer than 100,000 flood insurance policies in effect. Mid-year, however, Hurricane Agnes changed the way flood insurance was viewed. After a large portion of the eastern United States was damaged to the tune of an estimated $4 billion dollars, Congress investigated and discovered that very few buildings carried flood insurance. This discovery led to the Flood Disaster Protection Act of 1973 which further modified the National Flood Insurance Act.