Beginning June 30, Columbus, Ohio-based State Auto Insurance Companies will add flood insurance to the list of State Auto coverages available for home, business and farm offered through more than 3,400 independent insurance agencies.
The company noted that every property in America is in a flood zone, with some simply at greater risk than others. As the number one natural disaster in the United States, floods can be devastating for property owners and entire communities, causing more than $2 billion in property damage in our country every year. Just an inch of water can cause thousands of dollars in damage to a property and its contents, which is not covered by a typical property insurance policy.
A homeowner in a low-to moderate risk area eligible for a Preferred Risk Policy could see a flood insurance policy premium as low as $119 a year, including coverage for the property’s contents, according to State Auto’s announcement.
The flood insurance policies offered by State Auto are underwritten by the National Flood Insurance Program (NFIP) of the Federal Emergency Management Agency and administered by National Flood Services (NFS). NFS been serving as a third-party administrator for carriers like State Auto since 1985.
Source: State Auto Insurance Companies,
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