Many homeowners assume that flood insurance is built into their homeowners insurance policy, but this is not true. Many homeowners need to add flood insurance to their policy, especially those in areas that are at a high risk for floods. It’s impossible to predict a flood, and when a flood does come it’s often impossible to do anything besides evacuate. This is why it is necessary for homeowners to prepare for the possibility of a flood well in advance. Otherwise they may find themselves wishing they had.
Flood damage can be extremely extensive throughout a home even during minor flooding. A flood that only travels a few inches into a home can nevertheless cause foundational problems and mold issues that will need to be dealt with as soon as possible, and without flood insurance a homeowner may find themselves without enough money to pay for the repairs out of pocket. The average homeowner will spend over $20,000 in repairing their flood damage if a flood occurs, and these costs will have to either come out of an insurance policy or out of a homeowner’s pocket book.
For more information about flood insurance and homeowners insurance in general contact the Gant Insurance Agency.