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| MIDWEST
INSURANCE ASSOCIATES 1710 E 32nd St - Joplin, MO Call Us Today (417) 782-1100 |
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| Earthquake
and Flood coverage is NOT included in personal and commercial property insurance policies. In most cases coverage is available. |
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| Earthquake Insurance |
Flood Insurance | |
In
most cases earthquake insurance can be
added to your personal and
commercial policies for an additional premium. The deductible
on
earthquake insurance is a percentage of the value of the insured
property. The
percentage can be 5%, 10% or even 15%. Some
companies
offer a choice of deductible, others offer no options except the
percentage they have selected. The premium is based on your
location
in relation to fault zones and the type of construction of your
building.
As a general rule most companies are willing to write earthquake coverage in southwest Missouri and southeast Kansas. Once a tremor is recorded, companies suspend offering coverage. If you are concerned about earthquake damage on your property, ask us about it now. Don't wait for an earthquake event to decide you want to add the coverage, ask us now about a quote or adding the coverage to your policy. Below are links with information on the potential for earthquake damage in our area:
|
 Since
standard property insurance policies (including homeowner
policies) don't cover flooding, it’s important to have protection from
the floods associated with hurricanes, tropical storms, heavy rains and
other conditions that impact the U.S.In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding. Just because you have not previously experienced a flood does not mean you will not experience a flood in the future. Flood risk isn’t just based on history, it’s also based on a number of factors: rainfall, river-flow and, topography, flood-control measures, and changes due to building and development. FEMA has developed Flood Insurance Rate Maps establishing flood zones. Your rate is determined by several factors including which zone your property is in, lowest floor elevation, and the amount of coverage. In most situations Flood insurance cannot be effective until 30 days after you apply for it. If you are concerned about possible damage from flood water, don't wait, call today. What is covered on a flood policy? |
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