Flood insurance is kinda tricky. We get a lot of questions from our Michigan clients about concerns from ground water, sewer/drain backups, etc.

Do you know the truth about water damage and your home? Let’s set the record straight on a few myths:

1. Home Insurance Covers Floods
Flood insurance is not included in home insurance policies; it needs to be purchased separately, from an insurance agent (like us) or an insurer that participates in the National Flood Insurance Program.

2. Floods Only Affect Certain Regions
All areas of the country (and Michigan) are at some risk of flooding. More than 20% of flood claims to insurance companies come from residents in moderate to low-risk flood zones.

3. Water Damage Isn’t Expensive
Flooding is the COSTLIEST natural disaster, according to the Federal Emergency Management Agency. One inch of flooding can cause as much as $20,000 in damage to a home.

4. Flood Insurance Is Expensive
Someone who lives in a moderate to low-risk area may be eligible for flood insurance with premiums as low as $171 per year.

For more information, call us at (248) 682-7445 or email info@philkleininsurance.com

This holiday season it’s the gift that can last a lifetime.

How can you help a child in your life:

*Lock in a low life insurance premium for life?
*Build an asset (tax-deferred) that lasts a lifetime?
*Get insurance coverage started that he or she will need as an adult?

It’s simple: just give that child life-long protection with a life insurance policy from PKIG. You’ll not only provide a lifetime of security – you’ll provide solid financial options for life.

Best of all, when that young person becomes a bit older, the gift of life insurance you give provides other policy features such as receiving dividends, borrowing against the policy, or buying more coverage regardless of health down the road.

It’s never too early to plan for the future and these types of policies are very affordable.