Living in the Warwick, RI area can be a great option for a lot of people. When you are here, you are going to have access to many different local amenities and a good economy. When you are going to live in the Warwick area, it is important that you properly insure your home. One form of insurance that may be beneficial is flood insurance. There are several situations when having flood insurance could be a necessity.

Lender Requirement

One situation when you are going to need to have flood insurance is if it is required by your lender. If you are in a high-risk zone, as determined by FEMA, your lender will almost always require that you have your home insured with flood insurance. Usually, you will also have to escrow for your payments monthly to ensure coverage does not lapse. 

Flood Not Covered by Home Insurance

You may also need to get flood insurance if the flood damage is not covered by your home insurance. If you are concerned about the risk of flood, even if you are in a low-risk area, you should check to see if it is covered by your home insurance policy. If that coverage is limited, you should still consider getting more flood insurance. 

If you are in the market for a flood insurance policy, it is a good idea to speak with someone that is experienced in helping those in the Warwick, RI area to get proper insurance. One great company to reach out to in this situation is The Slocum Agency Inc. At The Slocum Agency Inc., the team of insurance professionals can help you to identify your personal risks and determine if flood insurance is necessary. If it is, they can then get you into a policy that provides the right coverage and gives you peace of mind.