Prevent Flood Damage This Spring with Flood Insurance
Learn About the Benefits of Comprehensive Flood Insurance
Did you know that one inch of water in a home can represent around $25,000 in damage? That’s right. Flood damage can cause more harm than you think. Flooding is a potential risk for most homes, and flood insurance can help you recover from material and financial loss. However, many people shy away from it, thinking it’s a complicated process or allowing rumors to convince them not to buy it.
Here are some of the benefits of purchasing flood insurance:
Protects Your Loved Ones and Property
Unfortunately, you can’t know when a flood might occur. Homeowner’s insurance doesn’t always provide flood coverage. Getting comprehensive flood insurance is a great way to ensure your loved ones and your property are taken care of if an incident were to happen. Unlike disaster insurance, flood insurance doesn’t require a Presidential disaster declaration to happen for payment.
Increases the Value of Your Home
If you live in a high-risk flood zone, flood insurance might be a requirement for you. But even if not obliged, it is a brilliant investment. It may encourage others in your neighborhood and community to protect their homes and families the same way. Plus, having flood insurance in a high-risk flood zone may increase your home’s resale value.
Gives You Peace of Mind
Probably the most important thing about purchasing a flood insurance policy is that it minimizes the stress that a potentially devastating incident can bring. You can rest assured, knowing that damages to your home will be covered. Flood insurance covers residential losses up to $250,000 and up to $500,000 for buildings used for business. You can also add extra coverage for the content of the structure.
Flood insurance is not a one-size-fits-all type of policy. Visit your independent insurance agent to discuss which option is right for you.