Sherzer Insurance Blog
If your home is located in a flood-prone area, then you need to consider buying flood insurance. This is because homeowners insurance does not include flood in its coverage. But when buying flood insurance, it is vital that you know the estimated value of items in your home as well as the limits of your coverage for each of them.
What Does Flood Insurance Coverage Include?
There are two kinds of properties that belong in a flood insurance policy; the contents inside your house and your home structure. It is important to differentiate them as each property has its own limitations and deductibles. Keep in mind that a flood policy does not include the land that holds your house.
Your mortgage lender, the risk of flood in your residence, and the government, all determine if you qualify for flood insurance and if your home needs it.
Examples of content that your flood insurance can protect are:
For your home structure, the policy typically covers:
If you store some personal property in your basement, know that they will likely not be covered in your flood insurance. Examples of these personal properties are window treatments, kitchen supplies, clothing, bookcases, electronic equipment, furniture, and shelving. So, if you turn your basement into a home theater, this could become a problem for you.
What Causes Floods
Melting snow and heavy rain are the two main causes of flood, as the ground does not absorb them fast. There is no threshold or minimum of snowmelt or rainfall to bring about a flood.
New development and construction are also the reason for flooding as they could change the drainage system in the property. While sidewalks and roads are insusceptible to water, another reason for water to flow faster is the absence of vegetation and trees.
If you are considering to buy a flood insurance policy, check the categories of contents inside your house. Consult with an insurance agent to know more about this.
At Sherzer Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (239) 673-9301. Get your free quote today by CLICKING HERE.