No one enjoys having to deal with the disaster that comes with flooding. Many homeowners are unaware that flooding is not covered under their homeowner’s insurance policy, which means they may be unprepared. However, private flood insurance can fill in the gap and keep you protected, as seen by the information provided by Transparity Insurance.
Coverage Under Flood Insurance
Homeowners can face heavy financial and material losses with even an inch of standing water in the home. Fortunately, purchasing a flood insurance policy means you can be covered for the following items:
- Structural property damage
- House systems, such as HVAC
- Electrical systems
- Detached garage
Each insurance policy is unique, and some may offer expenses for additional living costs while your home is being remodeled. The type of policy you receive depends on where you live and the type of flood damage you may expect to have. Your insurance agent can run risk analysis and offer you different policies to choose from.
Being Prepared Means Being Protected
If you live in a flood-prone area that experiences hurricanes or yearly heavy rainfall you should be prepared for any potential damage with private flood insurance. It takes 30 days to be put into effect, so be sure to select your policy before the rainy season starts.