Floods may occur from many environmental conditions: hurricanes, broken levees, outdated or clogged drainage systems and rapid accumulation of rainfall.
Flooding and the damage it brings are not covered by your Homeowner’s Insurance. Unfortunately, many people are unaware of this until they are faced with damages to their home and their personal property.
Flooding erodes the land because of the rapid movement of the water that follows a severe storm, flash flood, abnormal tide surge. Also includes damage caused by mudflows.
Floods cause massive destruction to everything in their wake. Most people are unaware of the incredible force that a few inches of rain may create. Flood Insurance will protect you financially if your home and your belongings are destroyed.
Regardless of where your home is located, you may be affected by severe rain storms, heavy snow melts, storm surges, etc. and it’s in your best interest to make certain that your homeowner’s insurance policy has the added protection of Flood Insurance. This insurance will mitigate your losses.
So many property owners are not prepared for the severe financial damages they would suffer in the event of catastrophic flood. Some believe that their homeowners insurance will protect them, only discovering after the fact that there is no coverage. Others don’t think it will happen to them.
It is crucial to review your flood insurance coverage annually as flood zone mappings change from year to year. Making sure that coverage is not only in place but also correct is imperative in the event of a flood. Flood insurance applies to rising water not falling water, which is a common misconception.
Did you know that most homeowners’ insurance policies do not cover floods? Contact us for more information at (361) 288-8181