Did you know that your homeowner’s insurance policy may not protect your home against floods or many forms of water damage? You don’t have to live close to a river, lake, or other body of water to benefit from the added protection that flood insurance offers. When you have flood insurance, you’re covered from heavy rains, severe weather, melting snow, and other perils which may bring damaging water into your home.
What is Flood Insurance?
A standard homeowner's insurance or renters insurance policy covers common perils, including fire, theft and many natural disasters, but those policies do not always cover flood damage. Flood insurance covers losses to your home and property caused by specifically by flooding.
If heavy rainfall or melting snow brought water into your home, you may not realize how extensive the damage could be. What would it cost to replace your carpeting, hardwood flooring, or even your furniture? And the damage may not end there. Mold can begin to spread in as little as 36 hours, which could lead to an even bigger problem for your family and home.
With flood insurance, you won’t have to worry about the high costs of cleanup, repairs, and replacement if water damage hits your home.