What you should Know About Flood Insurance

What you should Know About Flood Insurance

Flood insurance is not something that most people are well informed about. This may be due to the fact that most people do not view floods as something that is likely to happen in their area of residence. It could also be because most people assume that damage caused by floods is covered in their homeowner’s policy. However, this is not true. Most victims of the Hurricane Katrina will attest to this fact.

If you live in an area that is prone to flooding, you need to get your hands on the right kind of insurance. Floods cause a lot of damage and you should protect yourself against loss. Flood insurance covers several categories of damage. The first category is structural loss. In this category, damage done to the roofs, walls and foundation of the building is covered. The electrical, plumbing, air and heating systems are also covered under structural loss. Permanent fixtures in the house such as floors and some appliances are also covered. The garage may also fall in this category depending on the policy in question.

The second category of flood insurance, Houston is the personal property loss. In the event of flooding, you are likely to experience damage to personal property such as furniture, clothing, artwork, appliances and even stored food. In order to ensure that you are protected against this loss, it is important to get insurance.

Basement and crawl space losses fall under the third category of flood insurance. The structural aspects of the basement and the mechanical systems are generally covered under this category. It is important to bear in mind that personal property, flooring, cabinetry and the refrigerators are not covered.

There are certain limits and exclusions that exist where flood policies are concerned. For building loss, the limit is $250,000 while the limit for personal property loss is $100,000. If you wish to get coverage that is beyond the stipulated, you should look into private flood insurance. This is however pricey and is generally available to those homeowners who live in low risk areas.

You may think that you really do not need insurance against flooding since you live in an area where floods are generally non-existent. However, you should remember that with the changing climatic trends, anything is possible. Instead of dealing with huge losses after a flood, it is better to get flood insurance, Houston before the damage is done. Remember it is better to be safe than sorry.

The Internet is a great place to get started on the search for the right insurance for your home. Talking to an insurance agent is also advisable, as they will answer all the questions that you have concerning flood insurance, Houston.

Flood insurance is crucial if you live in a flood prone area. Find out what it is and how to get it at Metro Allied Insurance Agency.

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