Floods are a natural disaster that takes place in many regions of the world. They are usually caused by heavy rainfall. It also happens due to snow melting or a storm surge from a tropical storm and tsunami near the coast.
What Does It Cover?
Flood insurance covers two types; dwelling and contents coverage. The former allows you to protect your property from the damage caused by flooding. The latter covers your home decor, furniture, and clothes.
Is Your Homeowner’s Insurance Enough?
It can be very hard to recover from losses due to flood-related incidents, and it can be very devastating. You’ll need flood insurance if:
a. Your home is located in an area where floods frequently occur.
b. Your home is on a government-backed mortgage.
c. You don’t have finances to cover if your property is damaged during a flood.
How Much Do You Need?
Are you concerned about flood insurance? Then consider securing your home to its replacement cost to help protect your expenses from the jeopardy of having to pay for renovations out of pocket if possible. The costs for repairing or replacing your valuable items after floods won’t be included in the coverage if you don’t have the insurance.
Does It Cover Flooded Basements?
One of the biggest problems in a home is a flooded basement. If your basement flooded due to a sump pump failure, you could be eligible for flood insurance.
Flood insurance increases the security of your belongings and property during a flood occurrence. You may have invested a lot to have your dream house, and you don’t want to risk it. So it’s best to have flood insurance as you don’t know when accidents may occur.
At Brad Spurgeon Insurance Agency Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (409) 945-4746. Get your free quote today by CLICKING HERE.