Becoming an Adult

Don't Think You Need Flood Insurance? 4 Reasons You Need to Change Your Mind

1 October 2019

Robin King

If you don't have flood insurance, now's the time to make the investment. You might not think you need flood insurance, but that's not necessarily the case. In fact, you may need flood insurance more than you think. You might even think that your current homeowners policy will provide all the protection you need in a flood. Unfortunately, that's not the case. In most cases, homeowners policies don't provide coverage for floods. Here are just four of the reasons why you need flood insurance for your home. 

Floods Happen Everywhere

If you've decided not to buy flood insurance because the area where you live hasn't experienced a flood in a while, you need to rethink that decision. The fact is that floods can happen anywhere, including areas where no risk exists. All it takes is a torrential rainstorm or a broken levy to send floodwaters cascading through your home. To ensure protection, you need to have flood insurance. 

Flood Plains Change

If you didn't buy flood insurance because your home isn't located in a flood plain, you should know that flood plains can change. Erosion, development, and other issues can completely alter local flood plains. If that happens, you could find that your home is now located inside a flood plain. Unfortunately, once your home is listed on a flood plain, you'll pay more for your flood insurance. Avoid those problems by purchasing flood insurance before things change. 

Floods Aren't Always Natural

If you're focused on flood risks associated with natural disasters, such as torrential rainstorms, you should know that not all floods are natural. In fact, many residential floods are caused by broken water mains, ruptured pipes, or even ruptured hot water heaters. If you don't have flood insurance, you won't be protected against the damage should one of those events occur. You can ensure maximum protection against the man-made floods by investing in flood insurance. 

Flood Damage Is Devastating

If you've decided to forego flood insurance, you should know that flood damage can be devastating. It's not just the water you'll need to clean up. You'll also need to remove water from saturated drywall and carpeting. Unfortunately, if floodwaters aren't cleaned up properly, you could be looking at significant damage to your entire home; not to mention the mold issues you could be facing. If you don't have flood insurance, all those repairs may have to come right out of your own pocket. One of the benefits of flood insurance is that it will cover the cost of repairs, as well as the replacement cost for your personal property.

Learn more about flood insurance by contacting services like Amberg Insurance Center Inc.

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