Flood Insurance Insights and Expertise

Understanding Flood Risks: Why You Need Flood Insurance

As a homeowner, it's essential to understand the risks associated with flooding. Unfortunately, flood damage is not covered by traditional homeowners' insurance policies. This means that if your home is affected by a flood, you may be left with significant financial losses unless you have a separate flood insurance policy.

Floods can occur anywhere, regardless of location or weather conditions. In fact, the National Flood Insurance Program (NFIP) reports that nearly 25% of all flood claims come from outside high-risk areas. This highlights the importance of having flood insurance, even if you're not in a designated flood zone.

Flood Insurance Coverage: What's Included and Excluded

When it comes to flood insurance, it's crucial to understand what is covered and what is not. Typically, flood insurance policies will cover the following: direct physical loss caused by flooding, including damage to buildings, contents, and other personal property.

However, there are some exclusions to be aware of. Flood insurance does not typically cover damage caused by earthquakes, mudslides, or landslides. Additionally, coverage may not extend to certain types of property, such as business equipment or inventory.

Protecting Your Home: Flood Insurance Tips and Best Practices

As a responsible homeowner, it's essential to take proactive steps in protecting your property from flood damage. This includes maintaining a comprehensive emergency kit with essential items like food, water, and first aid supplies.

Additionally, consider elevating electrical outlets, switches, and circuit breakers at least 12 inches above the projected flood elevation to prevent damage and ensure safety.