Recent devastating floods and severe storms have more and more people thinking about flood insurance, which does not automatically come with your Homeowners policy. Floods can happen anywhere, whether you are located in a flood zone or not. If your home is located in a low or moderate flood-risk area, you can purchase flood insurance. A flood insurance policy will pay claims even if a disaster is not federally declared. For example, if your storm drain is covered with leaves and causes water to flow into your home, it may be considered a flood.
Most flood insurance policies have a 30-day waiting period before the coverage begins. Exceptions are only made if a newly-purchased home closing is scheduled in less than 30 days. Don’t wait to buy flood insurance if you think you may need it.
If you own property or rent, you will want to protect your building and/or its contents with flood insurance. Speak with an Anderson-Watkins agent today to learn more about your options when it comes to flood insurance.
Flood Insurance can cover:
Structure of Your Home
Additional Living Expenses