Flood season is underway, as the summer months bring the highest chances of flash floods and hurricane season picks up. Are you adequately insured against your flood risk? For most people, the answer to that question is “no.” To help you understand flood risk, coverage and options, here’s our list of essential reading to help you protect your home and assets.
Understanding Your Flood Coverage
Flooding can cause devastating damage to your home, belongings and car, yet flood damage is often excluded from standard insurance policies. Oftentimes supplemental coverage is required to manage your flood risk.
You don’t want to get caught in a situation where you thought you had coverage, only to find that you’re not insured. These articles can help you learn more about the coverage you have in place and what that will cover.
Does my home insurance cover flooding? The short answer is no. Read on to learn more about the limitations of your homeowners insurance when it comes to flood.
Evaluating your coverage - will it cover you if there’s a hurricane? Hurricanes can increase your flood risk, especially if you live near a body of water. Read on to learn more about what your existing coverage will provide during a storm.
Getting Flood Insurance
Like homeowners or renters insurance, calling an insurance agent to discuss your flood insurance needs is the best way to begin the flood insurance process. An insurance agent can help you determine coverage limits and get quotes.
Your insurance agent will need to know details about your home and its construction, as well as its location and where it is relative to floodplains and other high risk areas.
Calculate your flood insurance needs. This list will help you help you better understand your risk and the factors insurance companies take into account when calculating your flood insurance premium.
Though your home may not be in a high-risk area, it’s important to note that flooding can happen anywhere. Discuss your options with a licensed insurance agent.
If you live in a high-risk flood area, you may need a flood elevation certificate in order to get an accurate flood insurance quote. Learn more about how to get one here:
How to get a flood elevation certificate. This guide will help you determine how to get a flood elevation certificate if you live in a high flood risk area.
The Cost of Flood Insurance
For many, the cost of flood insurance is of great concern. If you live in an area with high flood risk, your insurance is going to be more expensive. The benefits, however, could greatly outweigh the cost and there are ways to save.
How much does flood insurance cost? While it will vary based on your risk, this article helps summarize how flood insurance is priced.
How to reduce your flood insurance premiums. Like many types of insurance, there are ways to save on your flood insurance premium. Read on for tips.
Tips to Reduce Your Risk
Insurance is all about risk. There are ways to reduce your flood risk by being prepared and exercising caution when it comes to floods.
Backyard hacks that can reduce flooding This handy infographic outlines ways you can help reduce your flooding risk with the right backyard setup.
Flood driving safety Driving during a flood can be incredible dangerous. This infographic is a handy reminder of what to do while driving during flooding.
With flood losses in the US over the past few years reaching into the billions, flood insurance can be an important financial tool to keeping your home safe. The further reading outlined here can help you understand your current coverage and the benefits of flood insurance coverage.