Phoenix, Ariz., July 21, 2010. The recent flooding in Flagstaff has underscored the importance of flood insurance in high risk areas. As a result, AAA Arizona would like to offer the following tips regarding flood insurance:
- Homeowner’s isn’t enough. Contrary to what many homeowners believe, “flooding” is NOT covered under a homeowner’s insurance policy.
However, if two or more homes in the area are affected by “rising water” damage, the damage could be covered by National Flood Insurance Program (NFIP) – an additional policy homeowners can purchase.
- Anywhere it rains, it can flood. Flood insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers, and the property's flood risk. You do not have to live in a flood zone to have a flood insurance policy. However, there are high and lower risk areas.
- Know what’s covered. It is important for consumers to know what their current policy is so they know what’s covered and what’s not Storm damage that is covered under a homeowner’s insurance policy includes:
- Surface water
- Roof
- Fire/lightning
- Hail
AAA Arizona, the Arizona affiliate of AAA, provides automotive, insurance and auto travel services to nearly 800,000 Arizona members. Annually, AAA’s Emergency Road Service responds to more than 450,000 calls for help on the streets and highways of the state as well as providing insurance, travel, and financial services to AAA members and motorists. Since its founding in 1927, AAA Arizona has been a leading advocate for the safety and security of all travelers. In 2008, AAA was ranked the No. 1 “socially responsible” brand by Landor’s BrandAsset® Valuator.
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