Flood Insurance Insights and Expertise

Understanding Flood Risks: Why You Need Flood Insurance

As a homeowner, you're likely aware of the importance of having adequate insurance coverage to protect your property from unforeseen events. However, many people are unaware that flood damage is not typically covered by standard homeowners' policies. In fact, according to the National Oceanic and Atmospheric Administration (NOAA), flooding is one of the most costly natural disasters in the United States.

This is why it's crucial to understand your flood risk and consider purchasing a separate flood insurance policy. Floods can occur anywhere, regardless of location or weather conditions, and the consequences can be devastating. By investing in flood insurance, you'll have peace of mind knowing that your home and belongings are protected from potential damage.

Flood Insurance Coverage: What's Included and Excluded

When it comes to flood insurance, it's essential to understand what is covered and what is not. Typically, flood insurance policies will provide coverage for damage caused by rising water levels, storm surges, and other forms of flooding. However, some types of damage may be excluded from coverage, such as earthquakes or mudslides.

It's also important to note that flood insurance typically does not cover damage caused by groundwater, sewage backup, or wear and tear on your property. If you're unsure about what is covered under your policy, it's always best to consult with a licensed insurance professional.

An illustration of a home with water damage

Flood Insurance: How to Get Started

If you're considering purchasing flood insurance for the first time, it's crucial to start by assessing your risk level. This can be done by consulting with a licensed insurance professional or using online tools and resources provided by reputable organizations.

Once you've determined your risk level, you'll need to purchase a policy from an approved provider. Be sure to carefully review the terms and conditions of your policy before signing any agreements.

A person consulting with an insurance agent