Think you don’t need flood insurance? Perhaps you don’t live near water, or maybe you have a great homeowners policy. The truth is, every home is at risk of flooding. Before passing on flood coverage, here are five things you should know.
1. Every home is in a flood zone.
According to the National Flood Insurance Program (NFIP), nearly 20% of all flood insurance claims are made by homeowners living in areas considered a low risk for a flood. That means regardless of whether your mortgage company required you to purchase flood insurance, your home is at risk for flooding.
2. No homeowners insurance policy covers flooding.
It’s a common misconception that homeowners insurance covers flood damage, but the truth is only flood insurance covers flood damage. Without it, the cost of the damage comes out of your pocket.
3. You can’t rely on the federal government to pay for flood damage.
Federal assistance is only available if the president declares an area a disaster. Even then, the assistance is not compensation for your losses, but rather a low-interest loan that requires repayment with interest, along with your mortgage.
4. Flood losses are costly.
Most people don’t realize that just a few inches of floodwater can do thousands of dollars worth of damage. In a 2,000 square foot home, one inch of water can cause as much as $27,000 or more in damage to your home and its contents.
5. Flood polices are affordable.
AAA can help protect your home with rates starting at less than $1 per day.* In 2017 the average amount of flood coverage was $252,261, and the average annual premium was $707.
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Rates effective April 1, 2019. These PRP rates are for 1-4 Family Residential without a basement or enclosure. Other residential building and contents coverage combinations are available. Premium includes a 15% Reserve Fund Assessment, $25 Federal Policy Fee, Increased Cost of Compliance, and $25 HFIAA surcharge for policies covering primary residences only if the named insured’s primary residence is a single-family dwelling, an individual condominium unit, or an apartment in a non-condominium building. Add $225 to the HFIAA surcharge for all other policies. Add the $50 Probation Surcharge, if applicable. Deduct the Increased Cost of Compliance if the risk is a condominium unit.
Flood insurance purchased through AAA is underwritten by a participating insurer of the National Flood Insurance Program (NFIP). The NFIP is administered and regulated by the Federal Emergency Management Agency (FEMA).
* The full annual premium must be paid prior to policy inception. In certain circumstances, flood insurance can be canceled and a refund can be issued. For additional information about cancellation, please contact your agent.
When you book Disneyland® Resort vacation packages through AAA Travel, you get the added expertise of booking with an Authorized Disney Vacation Planner. What does that mean? Unlike many other agencies, our AAA Travel Advisors have extensive knowledge of Disneyland® Resort as well as all Walt Disney World® Resort, Disney Cruise Line, Adventures by Disney® and Aulani, A Disney Resort & Spa vacations. This knowledge allows us to help you get the most for your budget and, most importantly, to customize the vacation that’s right for you and your family.
With more than 350 Travel Advisors, our diverse expertise, unsurpassed customer service and attention to detail will help to ensure your vacation is a once-in-a-lifetime experience. So, why wait? Contact one of our AAA Travel Advisors to begin planning your Disneyland® Resort vacation today!
Get the complete package when you book your Disneyland® Resort vacation through Walt Disney Travel Company. From flight arrangements and ground transportation to dining, tickets and other popular Southern California attractions, Walt Disney Travel Company can provide it all - all in one place.
Accommodations at one of the Hotels of the Disneyland® Resort or nearby Good Neighbor Hotel.
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**Magic Morning early entry allows admission into select attractions at Disneyland® Park before the Park opens to the public on Tuesday, Thursday or Saturday. Each member of your travel party must have a valid 3-day or longer Disneyland® Resort Park Hopper® souvenir ticket from Walt Disney Travel Co. for Theme Park admission. The 3, 4, and 5-Day Park Hopper® Tickets with Magic Morning entitle Guests to admittance to both Disneyland® Resort theme parks for the specified number of days, including visits to both theme parks on the same day. These tickets expire 13 days after first use or on 1/13/19, whichever occurs first. Each day of use constitutes one full day of use, and tickets are subject to restrictions and change without notice. To enhance the Magic Morning experience, it is strongly recommended that Guests arrive at least one hour and 15 minutes prior to regular Park opening. Magic Morning admission is based on availability and does not operate daily. Applicable days and times of operation and all other elements including, but not limited to, operation of attractions, entertainment, stores and restaurants and appearances of Characters may vary and are subject to change without notice. Subject to capacity and other restrictions.
†Voucher must be surrendered upon redemption. Burger includes the Classic Burger or Veggie burger on request. All other burgers subject to additional costs. May not be redeemed for cash; no substitutions. Voucher will not be replaced if lost or damaged and may not be transferred for a commercial purpose. May not be combined with other offers. Subject to restrictions and change without notice. Valid only at ESPN Zone restaurant in Anaheim. Expires 1/15/19. This voucher will be issued as part of a Walt Disney Travel Company vacation package – one (1) voucher per package, maximum two (2) burgers with two (2) game cards per voucher. Walt Disney Travel Company CST# 1022229-50 ©Disney
Walt Disney Travel Company CST: 1022229-50 NVST: 2006-0198 ©Disney.