Gary Bacon Insurance Blog
Following a terrible, heavy storm, a lot of policyholders are requesting assistance from their insurers to recover quickly. There are some families who don’t check the details of their home insurance policy. They will only realize that their home insurance doesn’t cover flood damage after a disaster, and it’s already too late.
To avoid this distressing experience, read this post as it will explain why most home insurance policies don’t cover flood damage.
Why Home Insurance Doesn’t Cover Flood Damage
Some insurers assist flood damage. But in most cases, the flood is not covered by home insurance. Here’s why. Not every homeowner necessitates insurance protection from a flood. According to experts, not everyone who lives near the coast or any kind of water body is at risk of flood damage.
What Home Insurance Covers
Just to be clear, standard homeowners and renters insurance plans don’t cover damage from flooding. But, if you encounter property damage because of your home’s drainage malfunctions or due to corroded or failing pipes, you can use your home insurance to get assistance. You can get compensation from your insurer because the mishap is ‘sudden and accidental’. In other words, the problem occurred inside your house and was not caused by outside factors.
Moreover, homeowners' insurance covers repair and replacement of your home and belongings if they are damaged by these — theft and fire. However, home insurance policies are not one-size-fits-all. Having open communication with the insurance agent is necessary for you to be enlightened with what you can gain from a bespoke insurance policy.
Who Needs Flood Insurance?
It’s vital to understand how flood insurance works so that you can avoid the risk of being underwater. You need to assess the location where your home is situated. Getting a flood insurance policy is necessary if you live in a designated flood zone.
Take note: Flood policies are provided by the federal government and some private insurance providers. Your home insurance might include coverage for damage caused by flood, but expect that the cost of the premiums is higher. So, talk to your insurance broker fully to clarify everything.
Get the necessary home insurance plan now from a trusted insurance provider. Your insurance broker will guide you for you to obtain adequate assistance that you need.
At Gary Bacon Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (252) 644-3353 or Click Here to request a free quote.