Should I purchase flood coverage?
According to FEMA in the past 5 years, all 50 states have experienced flash floods or flooding.
Second, a typical homeowner’s insurance policy will not cover damage from flooding, so you would need flood insurance to help recover.
To be eligible for flood insurance you must live in a community that participates in the National Flood Insurance Program (NFIP).
If there is no mortgage on the home, there is a 30-day waiting period from the date of purchase before your policy goes into effect.
We recommend to get coverage BEFORE a storm comes to town to ensure that you will be covered in case of a flood.
Third, flood coverage will only cover certain items necessary to support the house like the furnace, make sure you thoroughly read your policy and ask your agent about specific items covered.
Most times if an item isn’t covered there can be an endorsement added to the policy for additional coverage (think of an extra freezer or the washer and dryer).
6/17/2019 09:39:44 am
It's good to know that typical homeowners insurance does not cover flood damage. My wife and I are afraid of our basement getting flooded, and not having it covered by insurance. We'll be looking further into our options for flood insurance in the future.
11/5/2019 01:46:01 pm
It's interesting to know that a typical homeowner's insurance policy will not cover flood damage. My husband is in the process of buying a house in Florida for our vacations, and we are looking for advice. I will let him know about the benefits of flood insurance in the area of Florida.
3/3/2022 03:25:38 am
Water damage restoration is a professional service that deals with the cleanup and repair of water damaged property. Water damage can be caused by a number of things, including flooding, storms, and leaks. It can also be caused by accidents and improper use of household appliances. When water damage occurs, it is important to have it repaired as soon as possible. Leaving water damage untreated can lead to further damage to the property, and can even cause health problems for those living in the home.
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