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 your Adventures by Disney® vacation 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 Adventures by Disney® destinations, as well as all Walt Disney World® Resort, Disney Cruise Line, Disneyland® Resort 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 Adventures by Disney® vacation today!
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When you travel to worldwide destinations on any of the Adventures by Disney® trips, you do much more than sightsee; you experience firsthand the people and cultures of the places you visit — and you do so with the service, VIP experiences and unique local opportunities you can only expect from Disney.
Traveling with Adventures by Disney® is about immersing yourself in the cultures, stories and people of the world — not worrying about the hassles usually associated with vacation travel. Discover some of what’s included in your trip.
To travel with Adventures by Disney® is to have access to the world. Whether it’s a private tour of the Vatican Museums or a dinner party in the Imperial Pavilion at the Vienna Zoo, your adventure will take you to unique locations as only Disney can. And with two Adventure Guides, you won’t just visit exotic destinations, you’ll experience them and become part of the story.
Whether it’s a short flight from Ayers Rock to Sydney, island hopping in Greece by ferry or a railroad ride through Alaska, we’ll make sure that all travel with us throughout your Adventures by Disney® vacation is easy and hassle-free with amenities that include luggage and concierge services.
*The per person per reservation discount is taken from the non-discounted prevailing rate as quoted on AdventuresByDisney.com on the date of booking ("Regular Rate") and valid only for select Adventures by Disney itineraries and departures. Regular Rates vary by departure date and time of booking and are subject to change. Regular Rates are based on double occupancy. All Guest names required at time of booking. The AdventuresByDisney.com website is not updated in real time; availability is subject to confirmation at the time of booking with Adventures by Disney and payment of the standard trip deposit. Any courtesy hold, without payment of the standard trip deposit, will not guarantee availability of the offer for the selected itinerary and departure date. Discount not applicable towards deposit. Valid on new booking only. Offer cannot be combined with any other offers, discounts or promotions. Offer is not transferable or redeemable for cash in whole or in part and cannot be sold or transferred for commercial use. Void where prohibited. Offer is subject to change without notice. Bookings subject to restrictions and Adventures by Disney’s standard Terms & Conditions.