Homeowners insurance is a necessity. It typically covers against liability and personal property, the structure of your home against damage from insured elements and living expenses when you are unable to live in your home because of those insured elements. Most insured elements include damage against most natural disasters such as fire and storms with hail or lightning, and even against hurricanes and tornadoes. However, standard home insurance policies do not guard against floods. Therefore, if you live in an area that is prone to flooding or that has been designated as a flood zone, it may be in your best interest to purchase separate flood insurance.
The first thing you should do is determine if you live in a flood zone. According to government regulations, a flood is defined as any previously dry area of 2 or more acres that becomes saturated with water on a temporary basis. Any area can flood, but there are places in the United States that are considered high risk and fall under the protection of Federal Emergency Management Agency (FEMA), which controls the National Flood Insurance Program (NFIP) in conjunction with several private insurance companies to provide coverage to homeowners. Regardless of whether you live in a high risk area or not, you are still able to purchase separate flood insurance.
Flood insurance covers two components: the structure and all the contents within. Items that are part of the structure include not only the structure and the foundation, but also the electrical systems, water heaters, plumbing, heating, air conditioning, built in appliances and flooring. The contents portion of the coverage includes any clothing, furniture, electronics and portable appliances.
Floods can happen at any moment due to heavy rains, sudden hurricanes or even rapidly melting snow. The important thing that homeowners should realize is that flood damage is not covered by typical home owners’ insurance policy. Homeowners who want to add flood insurance should contact this company. For more information visit Insurance Offices Texas. You can also connect them on Facebook for more updates.Add to favorites