08 Jun Flood Insurance 101
Did you know floods are the most common and most costly natural disasters in the United States? While some regions, such as coastal areas, are more flood-prone than others, the unpredictability of climate change exposes all property to some risk. Torrential rainfall isn’t the only culprit. Flooding is also caused by mudflows, rapid snowmelt during spring, and ice jams during winter.
Even an inch of water can cause thousands of dollars in damage, losses that are specifically excluded from your homeowners and personal umbrella policies. You should know, a standard Connecticut home insurance policy will not cover flooding and some other natural disasters. Instead, you have to purchase additional policies for the coverage you need in the event of a flood.
Oftentimes, we get calls from clients who are looking to file a claim on their homeowner’s insurance policy for water damage due to:
- Rising Water from a Storm, Surge or Heavy Rains
- Sewage Backup from flooding
- Water Seeping from Underground
If our clients have chosen not to purchase a separate flood policy ahead of time, we have the unfortunate job of informing them that their traditional homeowner’s policy will not cover water damages for these causes.
With a Flood Policy, You’ll be Reimbursed for:
Your Residential Property
Your Personal Belongings
Your Non-Residential Property
Your Non-Residential Property Contents
Without flood, your homeowners and umbrella policies will not cover these costs!
Call SAVA Insurance today for more information and quotes for a flood insurance policy!