As we make our way through Spring and into the Summer months, the last thing on your mind may be how to protect your home from the threat of natural disasters. Unfortunately, with warm weather and beach days comes the possibility of tropical storms, torrential downpours, and other weather-related occurrences. Even if you live in an area prone to droughts, you’ve still got tornadoes, sandstorms, lightning… the list goes on. As a savvy homeowner, you already have a great start to protecting your property by having homeowners insurance. But what happens when you have a flood in your home? Though it may be an afterthought to many, any house – regardless of whether or not you’re in a floodprone location – is susceptible to flooding. In fact, homeowners are at a higher risk for flooding than any other type of home-related disaster, including fire damage. So what can you do to protect your investment?
Although you can make upgrades to your home to protect it against flooding, the easiest thing you can do is to purchase flood insurance. If you are a first-time homeowner, flood insurance may not be at the top of your priority list. However, if you live in an area that is prone to high bouts of rain, flood insurance is an excellent safety net to have. Aside from natural events, flood insurance also covers you for other aquatic calamities, such as a pipe burst in your home’s water system.
Many homeowners assume that their regular homeowners insurance policy will cover them from any kind of harm to their house, including water damage. While this is true for instances where water damage comes from a leaky roof or a broken window during a storm, more severe impairments caused by water may not be covered. If a significant amount of water enters your home, especial water that starts from underneath the home and rises, most insurance companies will require you to have a separate flood insurance policy.
Like any other insurance, there are many options when it comes to flood insurance. Some policies cover your home, while others cover your home and the belongings inside of it. A flood insurance policy with minimum coverage is ordinarily enough for most homeowners. However, if your home has a high value, it would be wise to purchase additional coverage so that your investment is fully protected.
For more information on flood damage, or to find out more about the flood insurance policies available to you, feel free to contact us today! You can never be too prepared to protect your home.