Flood Coverage

Flood Coverage

April has began and you know the saying… “April showers bring May flowers.”

For some, those showers don’t bring any concern, but for others it does and the main reason is flooding. According to the Federal Emergency Management Agency (FEMA), flooding is the nation’s most common natural disaster.

Flood coverage is not included in a homeowner’s policy. Most people think they don’t need flood insurance because they don’t live on the coast or they are not in a flood zone, but that isn’t the case.

It’s never a bad idea to be covered – it can flood anywhere that it rains.

A flood policy typically covers structural damage, furnace, water heater and central air-conditioning, flood debris clean up, and electrical and plumbing systems related to water damage. Before you decide to skip a flood policy and rely on federal disaster assistance, note that federal assistance is only available if the president formally declares a disaster and it normally comes in the form of a loan that you’ll eventually need to pay back.

Ultimately, it’s your decision whether you purchase a flood policy or not. The question you should ask yourself is “Would I rather be covered and not use my policy or not have a policy when I need it?”

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