Regardless of where you live, failing to purchase flood insurance for your home or rental is like playing Russian roulette with your home and your possessions.
When floodwaters rise, you can kiss your Xbox One, expensive treadmill (or clothes rack as many of us use our treadmill for) and other favorite possessions goodbye – in a matter of seconds as waters enter your home in relentless waves. Possessions that take a lifetime to gather are gone in an instant, destroyed in a way only water causes.
Of all the natural disasters that impact households in the U.S., flooding is the most common. While many people falsely believe their homeowner's insurance policy covers flooding, the truth of the matter is that very few offer flood coverage as a standard insurance protection.
In most instances, flood insurance must be purchased as a separate policy. The good news is that it generally costs only a small amount of money to protect your property against the damage of floods.
Once upon a time it was a widely held belief that you must live in coastal regions in order to need flood insurance coverage. Recent years and natural disasters have shown, however, that you don't need to live anywhere near a major body of water in order to become a victim of floodwaters and the destruction they leave behind.
Simple things, like:
- Slow moving storms
- Melting snow
- Blocked sewers
- New Construction
And more can lead to widespread flood damage in communities and regions.
Homeowners who live in communities where the National Flood Insurance Program is available can purchase two different types of flood insurance coverage. The first covers damage to the structure of the home and the second, which is also available to renters, covers damage to the possessions inside the home. Both coverages are vital to your financial recovery in the aftermath of a qualifying flood event.
Most flood policies require a full 30 days before they are considered active. This means that you cannot wait until a time when floods seem likely in order to make this important purchase. The last thing you want is to find yourself in need of this valuable coverage only to discover you don't have it. Call us today so we can help you get the insurance for flood protection you need.