However, before you sign a contract for this type of coverage, there are some essential things that you need to know first about flood insurance.
The amount of coverage that you need to buy will depend on your home’s value and its contents. You can either opt for a building policy which covers your home’s floor, roof, walls, and so on, or you can choose for a contents policy that includes your household’s valuables. However, neither of the policies will cover the land where your house stands.
Building Policy Coverage
If your insurance policy offers building coverage, this will usually cover the foundation, structure, plumbing, and electrical systems. It will also include your cabinetry, built-in appliances, carpeting, and HVAC systems.
Direct Vs. Indirect Coverage
The policy typically covers all physical damages that are directly caused by flooding such as damaged flooring and furnishings. As for indirect damages, it can also be included as long as if it was created by the result of floodings, such as fire, sinkholes, mudslide, or sewer backup.
Contents Policy Coverage
This policy will mostly cover what you own inside your household. This would include your clothes, area rugs, furniture, curtains, small appliances, electronics, and other specific valuables. Keep your inventory updated of your home’s contents, as this would make it easier for you to file a claim in cases of emergencies.
What Isn’t Covered
It is crucial for you to know what your flood insurance will not cover, as items can be significant and costly. Also, don’t expect coverage for damages caused by moisture or overflowing sump pumps, mold, and mildew. Most policies limit their coverage in crawl spaces and basements, therefore, make sure to ask your insurance agent to go over the policy’s details before signing.
Insurances for flood aren’t included in a home insurance policy. Therefore you should look for a reputable insurance company that would provide with a nice offer. Also, always make sure to go over the details to avoid complications in the future.
At Brad Spurgeon Insurance Agency Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (409) 945-4746 or Click Here to request a free quote.