Prevent Flood Damage This Spring with Flood Insurance

 In Blog, Buying Insurance, 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.

water leaking through roofIncreases 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.

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