Property Flood Insurance, When do we need it ?

Flood Incident

People were pulling up floorboards, raising their homes, or having to move entirely. Some are still dealing with the damage the storm left behind to this day.

For Here in highly flood-prone regional, flood insurance is commonplace, and for many homeowners, it’s downright required. But do you need it on your upcoming home purchase? And if you do, how do you go about securing a policy? Let’s take a look.

What is flood insurance ?

Flood insurance is just what it sounds like: an insurance policy designed to cover losses related to flooding and flood-caused damage. It’s technically a type of “catastrophic” insurance, as it goes beyond what a traditional homeowners or hazard insurance policy would cover.

Property flood insurance - article
flood incident

When do you need flood insurance ?

The majority of homeowners insurance policies do not cover flood damage, so if you want to be sure you’re protected in the event of a flood, then flood insurance is a must.

Generally, you’ll want to evaluate your home’s risk of flooding before opting to take on flood insurance.

If you’re in an area considered moderate or low risk for flooding, you can get advise from your insurance advisor .

you’ll need to contact your preferred insurance carrier to talk about coverage, limits, and deductibles and to set up your policy.

flood article

Flooding can do serious damage. Want to make sure your property is protected the next time a big storm hits? You might Get covered — before it’s too late.

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