Flood Insurance: Why You Need It

Flood insurance is usually the last thing on homeowners minds, especially if they are not in an area that is known for flooding. However, this is something that you should consider as a homeowner for several key reasons. Flood insurance is a great way to add extra protection to your investment. Continue reading for some of the main reasons why you should consider flood insurance for your home no matter where you live.

  • The majority of homeowners insurance policies do not include flood insurance. In fact, it is really difficult to find a homeowners insurance policy that does cover flooding and any flood damage. If you think you are covered by your homeowners insurance in this area, think again. It is most likely something that you need to purchase separately.
  • Of the floods that do occur in homes, twenty percent of them are in areas that are at low to moderate risk for flooding. This is a large percentage of floods that happen in areas that you would not expect. Just because you do not live in an area with a lot of flooding does not mean it can happen to you. 
  • Floods can occur from a variety of causes. Floods do not just happen because of rain. A pipe could burst in your home causing an internal flood. You may even have a neighbor with an above ground pool and if it gives way, then you may have some flood damage that you have to deal with. There are many different ways a flood could happen in or near your home. 

Contact us today at Runnels Insurance for more information about flood insurance. We can help you find the right policy for your home or even take a look at your current policy for any gaps in coverage.