Did you know that your homeowner’s insurance policy may not protect your home against floods or many forms of water damage? You don’t have to live close to a river, lake, or other body of water to benefit from the added protection that flood insurance offers. When you have flood insurance, you’re covered from heavy rains, severe weather, melting snow, and other perils which may bring damaging water into your home.
What is Flood Insurance?
A standard homeowner's insurance or renters insurance policy covers common perils, including fire, theft and many natural disasters, but those policies do not always cover flood damage. Flood insurance covers losses to your home and property caused by specifically by flooding.
If heavy rainfall or melting snow brought water into your home, you may not realize how extensive the damage could be. What would it cost to replace your carpeting, hardwood flooring, or even your furniture? And the damage may not end there. Mold can begin to spread in as little as 36 hours, which could lead to an even bigger problem for your family and home.
With flood insurance, you won’t have to worry about the high costs of cleanup, repairs, and replacement if water damage hits your home.
How Flood Insurance Works
Flood insurance policies are available in three forms: Dwelling (for most homes), General Property (for apartment buildings and businesses) and Residential Condominium Building Association (condominiums). A flood insurance policy can provide coverage the following items:
Structural damage to the building and its foundation
Electrical, plumbing, and HVAC systems installed in your home
Carpeting, hardwood, and other flooring
Built-in furniture such as bookcases and cabinets
Refrigerators, cooking stoves, and built-in appliances
Flood debris cleanup
Personal property such as clothing, furniture, and electronics
Valuables such as original artwork or furs
Flood Insurance: Affordable for Everyone
The National Flood Insurance Program (NFIP) makes flood insurance affordable for homeowners and renters by providing affordable flood insurance policies with nationally set rates. That means your flood insurance rates remain consistent no matter who your insurance provider is.
Flood insurance won’t take the place of your homeowner’s insurance. Your flood coverage generally excludes your vehicles, coins, precious metals, currency, and valuable papers such as stock certificates. If you have to vacate your home while repairs are being performed, flood insurance may also not cover your living expenses.
Get Flood Insurance Today
Let us show you how you can use flood insurance in combination with your homeowner’s insurance and additional coverage options to create the best safety net available for you, your home, and your belongings. Bodenstein Insurance offers flood insurance from the National Flood Insurance Program, so you can protect your home from water damage. Call us today at (775) 782-3030 to find out what additional insurance solutions we can offer you to fully protect your home.