Protecting Your Home: Understanding Flood Coverage
We care about making sure you have the right protection for your most important assets, especially your home and belongings. That's why we want to share some important information about flood coverage.
Did you know that most standard home and property insurance policies don't actually cover damage from flooding? And even if you have a separate flood policy, it's worth checking if it fully protects both your building and its contents.
Now is a great time to review your insurance. With hurricane season on the horizon, it's wise to consider adding flood coverage if it's not already part of your protection plan. Unfortunately, if you wait until a storm is heading our way, it's often too late. Insurance providers usually can't issue new policies or increase coverage once a storm is imminent, and most flood policies have a waiting period before they take effect.
Here are a few things to keep in mind about flooding:
- · It's surprising, but even one inch of floodwater can lead to around $25,000 in damages.
- · Flooding isn't just caused by major storms. Issues like poor drainage, heavy summer rain, local construction, or even a broken water main can all cause unexpected flooding.
- · We can help you find the right fit. Coverage options are available for your building, your personal contents, or both. For homes with higher values, excess flood coverage is also an option.
- · It's a common misconception, but it's important to remember: most standard homeowners insurance policies do not cover damage caused by floods.
We understand that insurance can be complex, and we're here to help you navigate it. Our team is ready to answer any questions you have, provide a personalized quote for flood insurance, or help you adjust your current coverage to ensure you feel confident and well-protected.
Please feel free to reach out to us. We look forward to helping you safeguard what matters most!
