Do I need flood insurance in Oregon

If you live in the Astoria, OR area, you are able to benefit from the wide range of recreational options in the area and the great local economy. Due to these factors, this city can also be a great place to purchase a home. If you are going to buy a home in this area, it is important that you also consider your insurance needs. One type of insurance that you may need is flood insurance.

Not Provided by Base Coverage

One reason why you may need flood insurance is that it is not provided by your base insurance coverage. While a home insurance policy can provide you with great coverage, the amount of flood protection you get can be limited. If you are concerned that your property is at risk of flood damage, getting an additional flood insurance policy is a good idea.

Required By Your Lender

Another reason why you may need flood insurance in the Astoria, OR area is that it is required by your lender. Today, FEMA maintains a map of the entire country that determines which area is at risk of flood. If you are in an area that is considered a higher risk, the lender will likely want you to carry flood insurance. This way, their collateral will be protected if your home is damaged or destroyed by floodwaters.

Choosing the right flood insurance policy is a big decision and one that is often required. If you are searching for a new policy and would like some assistance, you should call the team at Linda Dugan Insurance. When you do contact the team at Linda Dugan Insurance, you can receive great guidance and support that could help anyone to get into a policy that provides the right type and level of coverage.