The things that make living in Oklahoma City, OK great \u2013 the numerous rivers and lakes that attract boaters and recreational fishers \u2013 also make it vulnerable to floods. Flooding is one of the most devastating hazards your home can face. It\u2019s also a hazard that\u2019s not covered by your standard homeowner\u2019s insurance policy. If you live in a flood zone or any other area that\u2019s vulnerable to flash flooding, having flood insurance from Freeland Insurance can help repair the damage and make replacing your personal belongings easier.<\/p>\n\n\n\n
When you purchase a new home with the help of your mortgage lender, you\u2019ll notice a few important stipulations in your mortgage agreement. Not only will you need a homeowner\u2019s insurance policy, but you\u2019ll also need to carry flood insurance coverage. Lenders can decide whether to require mortgage holders to have flood insurance in low-to-moderate-risk areas. In high-risk areas, however, any homeowner with a federally regulated or insured mortgage must have flood insurance coverage by law.<\/p>\n\n\n\n
A new home is a major investment for both the buyer and the mortgage lender. Carrying both policies not only ensures that you\u2019re financially covered in case of flooding, but it also ensures your lender won\u2019t lose its collateral \u2013 your home \u2013 to the severe damage that\u2019s often caused by flooding.<\/p>\n\n\n\n
Once you\u2019ve finally paid off your mortgage, however, you\u2019re no longer under any obligation to maintain your flood insurance coverage. But that doesn\u2019t mean you should ditch your policy at the first opportunity. Your flood insurance policy ensures you\u2019re financially covered if and when the next flash flood makes a mess of your home.<\/p>\n\n\n\n
If you own your Oklahoma City, OK free and clear, it\u2019s up to you to decide if your home still needs flood insurance coverage. Contact Freeland Insurance today for a no-obligation consultation with one of our independent agents.<\/p>\n","protected":false},"excerpt":{"rendered":"
The things that make living in Oklahoma City, OK great \u2013 the numerous rivers and lakes that attract boaters and recreational fishers \u2013 also make it vulnerable to floods. Flooding is one of the most devastating hazards your home can face. It\u2019s also a hazard that\u2019s not covered by your standard homeowner\u2019s insurance policy. If […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-131","post","type-post","status-publish","format-standard","hentry","category-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/posts\/131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/comments?post=131"}],"version-history":[{"count":1,"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/posts\/131\/revisions"}],"predecessor-version":[{"id":132,"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/posts\/131\/revisions\/132"}],"wp:attachment":[{"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/media?parent=131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/categories?post=131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freeland-insurance.com\/blog\/wp-json\/wp\/v2\/tags?post=131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}