Do you have flood insurance? If not, you might want to think about getting it with premiums as low as $120 a year. Your home doesn't have to be in a designated flood plain in order to qualify for federal flood insurance.
Homeowners need to know that standard homeowners and business owners insurance policies exclude flooding caused by water coming from outside the building, according to KOMO News.
"Whether it's from a dam breaking in this case or from standard flooding, snow melt, heavy rains, you would not have coverage," Karl Newman, President of the NW Insurance Council told KOMO.
Newman says renters at risk also need to consider flood insurance for the contents of their apartment.
Read the full article at KOMO News by clicking here.
You can also visit FloodSmart.gov to get a quote on flood insurance.
