Top 5 Reasons For Getting Flood Insurance

Your house is a valuable asset, and most homeowners would happily get home insurance if it means safeguarding their investment. Unfortunately, most don't consider getting flood insurance, even though flooding is more of a threat to a house than fire.

There are important reasons why getting flood insurance is imperative. Here are the top five:

Any home is in danger of flooding. It's the primary natural hazard in the United States. Floods also don't just occur in “high risk” flooding zones. Properties on hills or in cities are as much as risk from flash floods as areas near water. As a matter of fact, about 20% of claims for flood damage are filed by people living in low-risk flood zones. So regardless of what state you live in, consider it a flood zone area and get yourself some insurance.

Homeowners can apply for federal help in covering the cost of damage caused by flooding if the area has been declared a federal disaster. This government help will generally be in the form of a loan that will have to be paid eventually. In comparison, a flood insurance will cover the cost of home repairs or replacement of furnishings damaged by water. However, this will depend on your policy and coverage.

Most homeowners are under the impression that their home insurance also covers flood damage. Sadly, this isn't true. The only policy that covers this is flood insurance. Without this insurance, the cost of water damage will come out of your wallet.

The majority of people just don't realize how destructive floods are. A scant few inches of floodwater can cause damage worth thousands of dollars. For instance, two to three inches of water in a 2,000 square foot home can cause $21,000 or more in damages to both the home and furnishings.

Contrary to popular belief, homeowners can find good and affordable flood insurance policies. Some insurance companies can even come up with a coverage plan that can protect a home from flood damage for the price of a cup of coffee per day.

There's no reason why homeowners should not get flood insurance. There are a number of affordable insurance options available for every budget. Getting flood coverage will give you some peace of mind and your home the protection it needs. At Brad Spurgeon Insurance Agency Inc., we aim to provide comprehensive insurance policies that makes your life easier. 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.