Flood Insurance in Rhode Island

Anyone that lives in the South Kingstown, RI area knows there are plenty of housing options to consider. If you choose to purchase your home here, it could be a great long-term decision. Along with any home purchase in this area, it is important that you get the right insurance. For those that are in this area of Rhode Island, having flood insurance protection could be necessary. There are several reasons why you should get this type of coverage here.

Protection for Property

A key reason that you should get a flood insurance plan for your Rhode Island home is so you can protect your asset. If your home is ever affected by floodwaters, the impact could be very significant and could lead to mold, structural damage, and other challenges. You may find that your base home insurance plan does not offer much in the way of flood coverage. Fortunately, with a flood insurance plan, you will have the resources you need to protect your property.

Mortgage Compliance

Another advantage of a flood insurance plan is that it can help you comply with your mortgage lender. If you have taken out a home loan and live in a designated flood zone, the lender will want you to have flood insurance to protect their collateral. In many cases, the bank will have certain insurance rules in place and will have you establish an escrow account to ensure coverage does not lapse.

Those in the South Kingstown, RI area need to ensure that they are properly covering their home with insurance. If you believe that flood insurance is right for you and your home, it would be a good idea to call Kingston Insurance Agency LLC. The team with Kingston Insurance Agency LLC can help you assess your insurance needs. We can also give you the support needed to choose a plan to protect your property and ensure you remain in full insurance compliance.