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Don't Fall for These Flood Insurance Myths

Mon, Apr 27, 2020 at 9:54AM

Don't Fall for These Flood Insurance Myths

You may have heard rumors and outright untruths about flood insurance. It seems like many people these days want to spread misinformation, or simply are repeating what they’ve been told and thought to be true all these years. Aside from not knowing the facts, the trouble with following that mentality is that it could add up to major troubles down the line.

Instead, it’s best to get the correct information about flood insurance, so you can make an informed decision about your needs. In addition, this way you’re in a better position to protect yourself, your loved ones, and your property from a variety of external threats. Use these tips to separate fact from fiction when it comes to flood insurance.

You Don’t Need Flood Insurance

Many people think that because they may not live in a designated “flood plain,” they’re off the hook for this essential coverage. Sometimes, you’ll ever hear people boast about the situation. That’s a dangerous mindset to adopt, especially in uncertain times. The fact is that weather is unpredictable, and you can’t be entirely sure you won’t be affected by catastrophic conditions such as flood.

Simply stated, if it rains in your community, it can also flood. In addition, you can receive benefits from damage even without a Presidential disaster declaration. Speak with your friendly and knowledgeable insurance agent for more information about this and other coverage available to you.

Your Homeowners Policy Covers You

This is one of the most common misconceptions. The reality is that most homeowners policies don’t cover you in the case of flood damage. There are many reasons for this. The main idea, however, is that in order to protect your family and property from what could be long-lasting trouble, it’s best to secure comprehensive flood insurance.

Another misconception is the idea that you’re unable to get flood insurance directly before or following a flood incident. Though there is typically a 30-day waiting period, the reality is that anytime is the right time to be thinking ahead in this way.

Aside from homeowners, some renters and condo unit owners may also be eligible for flood insurance. Typically, flood insurance covers personal property and equipment inside your residence. However, most policies do not have provisions to replace food items and other material. It’s best to speak with a trusted and reputable insurance agent to get more information on all the options available to you.

Flood Insurance is Too Costly

Some people avoid flood insurance with the idea that it’s out of their price range. Policies can be tailored to your desires and requirements, and will even fit into your budget. Another way to think about it is what might happen if you experience a flood incident. For example, FEMA experts say just five inches of water in your residence could result in more than $25,000 in damages.

The best and easiest way to make sure that your loved ones and property are protected is to consult with an insurance agent well versed in flood and other coverage. This professional can also help you determine and secure a variety of insurance solutions to meet your needs. In fact, since 2002 we’ve assisted countless residents just like you in the coverage areas of construction, automobile insurance, tree care, homeowners insurance, risk management, and more. Contact us today to learn more about how simple, straight-forward, and affordable it is to secure comprehensive flood insurance.


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