Why Every Homeowner Needs Flood Insurance
You may think that flood insurance is only a priority if you live near the Florida coast, but the truth is that every homeowner should carry some form of flood insurance for protection. Even without the ocean nearby, heavy rains, overflowing rivers, levee failure, and other unexpected problems can lead to flooding concerns nearly anywhere. Learning about the importance of flood insurance and obtaining it from a reliable source can make all of the difference in an emergency situation.
Flood Zones Vary By Location
Flooding is a common natural disaster in the United States, which is why FEMA uses a flood hazard mapping program to identify the risk of flooding in a specific area. Everybody technically lives in a flood zone, but the true risk of flooding varies by location. Nearly 20 percent of all flood insurance claims actually originate from homeowners living in low-risk flooding areas, which proves that no home is completely safe from flooding. Flash floods, melting snow, broken dams, and a number of other unexpected issues can all lead to flooding.
Homeowner’s Insurance WILL NOT Cover Flooding
It’s logical to think that your homeowner’s insurance would cover any flooding damage to your home, but it’s an incorrect assumption. Homeowner’s insurance covers many different aspects of property damage, but only specific flood insurance can prevent the cost of damages from coming out of your own pocket. Consider the fact that just a few inches of flooding can lead to thousands of dollars in damage, from carpets and drywall to furniture and foundation. Without flood insurance, you run the risk of just one storm or water malfunction draining your life savings.
Flood Insurance Is Affordable
Purchasing flood insurance through the National Flood Insurance Program (NFIP) isn’t as expensive as you might think if you live in a zone that is not a high risk for flooding. The insurance covers structural damage, such as damage to your foundation, air conditioning system, carpet, and appliances, as well as contents in your home like furniture and electronic equipment. It’s worth paying just a few dollars a day to know that your entire home is financially protected in the case of an emergency.
For more help understanding your flood insurance needs and purchasing the right policy, turn to the experts at Benefit Title Services LLC. For nearly a decade, Benefit Title Services has helped homeowners throughout Florida with quick and seamless home services and they can help you find an insurance agent to meet your needs before your closing.. Call (800) 237-9190 to learn more.
