Phone Number: 800-749-6419
Address: 510 N. Valley Mills Drive Suite 202, Waco, TX 76710
About the Floods Insurance Policy
Floods can be disastrous in terms of damaging the security systems of your home or property and denting your financial future. Interestingly, most homeowners are not aware that the U.S government will not automatically compensate them for damages suffered as a result of floods unless the president has formally declared it a disaster.
Furthermore, your homeowner’s insurance policy doesn’t cover for flood related losses. Therefore, to avoid shouldering the massive damages that a flood disaster can cause you ought to get a flood insurance policy from American Summit Insurance Company for guaranteed disaster assistance.
It’s not surprising to see homeowners spending all their savings in restoring their homes after disasters like floods strike even after paying their yearly premiums promptly. You ought to understand the things covered in an insurance policy before purchase.
Homeowners insurance covers water losses that are caused by burst pipes, poor water supply lines or failure in your home’s appliances. This means that in case of a catastrophe like floods you won’t be covered.
Advantages of American Summit’s Flood Insurance policy
The flood insurance policy protects property owners whenever flood disasters strike. As a policyholder and homeowner, you’ll be paid your claims regardless of whether the federal government has declared a disaster or not. The flood insurance policy will reimburse all your covered losses without delay. More importantly, you don’t have to repay the claims as is the case with the aid you can receive from the Federal government’s disaster fund.
Cost of flood insurance cover
There is no specific cost of flood insurance cover set by American Summit Insurance Company because the cost depends on an individual’s specific needs and location. Homeowners in ‘special flood hazard areas’ are likely to pay higher than those in low risk zones. The costs of these policies is between 233_263 a year for $100,000 in structural coverage and $40,000 for home contents.
Right time to purchase your flood insurance policy
The flood insurance policy from American Summit Insurance Company can only take effect 30 days after the purchase. This means that you shouldn’t wait until the weather forecast department announces a flood alert for you to start preparing yourself for coverage. In other words a flood insurance coverage is not applicable if bought a few days before the mentioned flood losses.
If you want to purchase a policy or file a claim, contact the American Summit Insurance Co by calling 254-399-0626 or visit their website.