303 S. Broad Street
New Orleans, LA 70119
Flood insurance is a type of property insurance that covers your home from losses due to water damage, specifically when it relates to flooding. There are unique takeaways from flood insurance that differentiate it from other forms of insurance like homeowner's insurance. Flood insurance specifically covers losses that occur due to a natural flood. Standard homeowner's insurance will cover peripheral losses as long as they are not related to the natural phenomenon related to flooding.
If you live in a state like New Orleans, LA, you might be wondering if you need flood insurance. Here are the factors to consider when onboarding flood insurance for Louisiana residents and the unique benefits your family will be able to enjoy.
Is flood insurance required in New Orleans, LA? It is not required to have led insurance if you live in New Orleans, LA. It is only mandatory if you are utilizing a mortgage to secure your property. If you paid for cash — and are somewhat of a risk-taker — then you're not required to purchase flood insurance.
Currently, there are more than 950,000 people who are at risk of coastal flooding. By the year 2050, that number will increase by more than 250,000. There is a litany of benefits that are associated with flood insurance:
Contact Bright Auto Insurance to learn more about your insurance options for Louisiana residents. Bright Auto Insurance will be able to connect you with the right insurance package for your unique needs.