Is your home covered against flood damage?
Did you know that during the course of a 30-year mortgage you have a 26% chance of experiencing flood damage? Even if you don't live in a high-risk flood zone, you may still experience flooding; 25% of all flood claims are from people who live outside a high-risk zone.
Imagine the cost to rebuild or repair your home and replace all of your possessions. Losses due to flooding could have a serious effect on your financial well-being. Millennium Oak Insurance and the National Flood Insurance Program can help, and the cost is less than you might think. If you live in a low- to moderate-risk area, you may be eligible for a low-cost Preferred Risk Policy, which can start as low as $112 a year.