Is Your Home Insured Against Floods?
Your Homeowners Insurance Policy May Not Cover Floods!
The Insurance Information Institute (III) says that less than 1/5 of homeowners actually are insured against floods. Yes, these responsible home owners do have a home policy, but floods caused by nature may not be covered! We are entering hurricane season on the gulf coast, but floods are not just a concern for people who live by large bodies of salt water. Melting snow and flooding rivers also cause a substantial amount of flood damage to homes.
In fact, the III says that 4/5 of natural disasters do involve flood damage. While your policy may cover you if your plumbing leaks, it may not cover damage from flood waters that come from a storm or melting snow.
The national flood insurance program provides coverage for:
- The actual structure of your home.
- The contents of your home.
Flood Damage is NOT Typically Covered By Basic Home Policies!
This type of flood insurance is not typically covered by a basic home policy. Your insurer may be able to provide excess flood insurance though, if your needs are greater than the limits of the national program. You may also ask your own agent about this program. You can also get more information here: http://www.floodsmart.gov/floodsmart/
Tags: flood insurance, floods
