One of the natural calamities that could happen is flooding, which could severely damage your precious house. This article will discuss the importance of flood insurance for your home.
One reason why it’s important to purchase flood insurance for your home is because your homeowner’s insurance doesn’t cover this catastrophe. While a home insurance policy might have HO-2 or HO-3 policies, these only cover a very specific kind of water damage. These can not cover instances such as when floodwater is collected on the ground from the exterior.
Affordability of Flood Insurance
You may think that it is an unnecessary cost, but purchasing flood insurance for your home can be typically affordable. The premium for flood insurance depends on many factors, such as coverage types and community rating systems. Areas with moderate to low flood risks may qualify for a risk policy for a price as low as $129 annually.
Ultimately, purchasing flood insurance to protect yourself from the expenses of flood damage can be more affordable than paying for all the costs associated with the damages.
Flood Insurance Coverage
While it’s safe to assume that flood insurance can only cover flood damages to your home’s flooring, it can cover more. Besides new flooring, this insurance policy can cover flood damages that extend to your appliances, furniture, electronics, cabinets, debris removal, and your home’s foundation.
It is always a risk, even if flooding is not common in your area, especially since floods are the most common natural disaster. It could cause severe and irreparable damage. Keeping that in mind, it’s wise to protect yourself by investing in the proper insurance policy to protect you from such damages.
Flooding is a much more common natural hazard than you might think. This type of disaster can deal some serious damage to your home, which could be a fortune to repair. You don’t have to consider the major expenses once you invest in flood insurance.
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. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!