What you don’t know about your insurance policy can hurt you. Many homeowners don’t realize that their homeowner’s policy does not cover damage from flooding. You need to purchase flood insurance to protect yourself from financial ruin in the event of flooding in your home. If ever you’ve experienced a flood, you know how devastating even a small amount of standing water can be – to your home’s structure as well as your prized possessions.
Landlocked? Yes, You Still Need Flood Insurance
Don’t fall victim to the misconception that if you don’t live near the coast or near a river or stream that you don’t need flood insurance. Sure, storm surges and rivers that overrun their banks cause the most publicized floods, but your home also can be flooded by torrential rainfall, melting snow, or a blocked sewer line. Any flood water that ends up in your home is likely to result in a soggy and expensive-to-fix mess.
There are two types of flood insurance policies:
For those living in areas prone to flooding, you’ll need a standard flood insurance policy for your home and another one for its contents. Some homeowners live in areas that make them eligible for insurance through the National Flood Insurance Program. We can help you determine if you are eligible.
If you don’t live in a high-risk flooding area, you may be able to secure a preferred-risk policy. Because you are less likely to need to collect on a flood claim, this policy costs less than a high-risk flood insurance policy. The pros at JVM Insurance will sort it all out for you.