Why you should not wait till the rainy season to buy flood insurance

Worries and uncertainty mar the onset of a rainy season in Westchester, NY. From icy cold weather to destructive floods, homeowners have a lot on their plate and have to find ways to prepare and stay comfortable throughout the season. Flood insurance may be what stands between you and the devastating financial losses caused by floodwater when it comes to floods. So, why should you buy your policy early enough? Here are a few critical reasons.

Flood insurance comes with a waiting period.

Unlike most policies that take effect immediately, flood insurance has a waiting period of 30 days. Despite covering an emergency, flood insurance can be unreliable if you don’t buy on time. For instance, if your home and valuables are damaged in a flooding event within the 30 days waiting period, you will not be compensated.  At ASZ International, Inc, we recommend buying flood insurance on time, especially if you live in a high-risk flood area.

Floods are destructive; it might just be too late.

A lot may happen between the time you buy your policy and the time it takes effect. Many flooding events come unannounced, and it only takes a few minutes for flood water to destroy everything you worked hard to get. In such a case, you may be at the losing end, particularly if you are rendered homeless by floods. Remember your insurance policy may not provide any payout until the policy matures.

Damage done during the waiting period is not covered.

By now, you understand how essential timing is. While many insurance companies in Westchester, NY allow you to buy insurance during the rainy season, the waiting period remains, and it will only be effective after the waiting period.

Don’t be a last-minute policy buyer. Let ASZ International, Inc help protect your property and loved ones from floods. Contact us for a good deal.