Finding your home flooded can be a devastating event for any homeowner to undergo. It can cost thousands of dollars in repairs and restoration fees. But luckily, you can prevent paying an arm and a leg for damages by purchasing flood insurance for your property. Contrary to the popular belief of many, homeowners insurance does not cover flood damage. So if you live in an area that is more prone to flooding, it is a good idea to begin looking into flood insurance if you have not already done so. This can save you thousands of dollars in fees after sustaining flood damage to your home, and it will lessen the amount of stress you’re under because you know that you will be taken care of.
Now, residents that live in low-risk areas can also purchase flood insurance for their home. This can only be done if your community is registered with the NFIP though. Being prepared for a flood to occur on your home is not only a good idea because it will keep your family safe throughout the disaster, but it will also minimize the risk of further damage being sustained to your property and accelerate the cleanup effort that will be in effect.
It is important to know what is, and what is not, covered with home flood insurance. Anything that is caused by direct flooding will be covered by your plan. Say that your sewer has backed up and you need assistance with the cleanup effort. Unless this was directly caused by a flood, than chances are that the flood plan will not cover it. For a home, the insured building and its foundation will be covered under your plan. Electrical and plumbing systems, furnaces, water heaters, carpeting, paneling, wallboard, window blinds, and built in appliances will also be covered under your specific plan.
There are also other contents of your home that will be covered such as personal belongings (clothing, furniture, electronics), curtains, portable and window air conditioners, microwave ovens and portable dishwashers, clothing washers and dryers, food freezers, and other certain valuables that may include artwork and furs.
Now for what is not covered, this can include a wide array of things that were not directly caused by flooding issues. This can include damage caused by mold or mildew, currency, jewelry, and valuable documents, trees, plants, septic systems and decks, temporary housing, financial losses, and cars and their parts.
Basements are also subjected to flooding, but this is not always included in your plan depending on the flood risk of your area. You can purchase a more intensive plan that can cover your basement, although it may be a good idea to talk to an insurance adjuster before you make these decisions. Flood insurance is an important factor in the aftermath of flood damage. It can save you a large chunk of change in the long run, and can help your home get back to its former state more quickly after being ravaged by water.