Flood Insurance

Flood Insurance
July 26, 2013

Flooding can happen just about anywhere across the country, but a very small percent of homeowner’s have extra flood insurance. Many homeowner’s don’t know that flood damage isn’t covered by their basic homeowner’s insurance policy, and don’t find out until it’s too late.

What is Flood Insurance?

Flood insurance helps cover the cost of damages from floods.  So if you live on the coast, on the banks of a river, or in an especially rainy area, purchasing extra flood insurance is always a good idea!  Flooding is such a common problem Americans face, and protecting your home and valuables from damage seems like a no-brainer.

Who needs flood insurance?

Anyone who lives in a flood prone area should consider flood insurance, even if they are not required to get it.  Most lenders will require you to have flood insurance if you are in a moderate to high risk flood zone.

What does flood insurance cover?

Flood insurance will cover your home’s structure and your possessions in the event of a flood. Floods are usually caused by long periods of heavy rain and overloaded streams or rivers.  Water damage from other sources (like a pipe bursting) are typically not covered by regular flood insurance, but could possibly be covered in a homeowner’s insurance policy.

As you can see, flood insurance can help you out when you’re up the creek without a paddle, so to speak. Talk with a qualified Vern Fonk flood insurance representative today to see how you can save money on a policy and get all your questions answered.