? Does the home insurance cover flood

11:06 AM
? Does the home insurance cover flood -

flooded street We have said many times before and we will definitely say again: the typical homeowners insurance does not cover flood damage. This is one of the largest consumer misconceptions we hear - a painful and expensive lesson to learn from experience. You need an insurance policy against flooding separate cover - and your policy should be in place for at least 30 days to be effective, so a last minute purchase when you hear about the potential of flooding would be too later. September is National Preparedness Month, and in this first week, the focus is on flood prep -. So it is a good reminder

Now if you have water in the basement of a burst pipe or other failure of households, your insurance may cover your basement damage flooded. But for the related storm, flood damage, you would need coverage against flooding. Here is a list of what is generally covered in an insurance policy against flooding.

Even if you think your flood risk is negligible, floods and flash floods occur in all 50 states. Here are some interesting facts flood floodsmart.gov you may not know:

  • Over the last 5 years, 50 states have experienced flooding or flash flooding; Flash floods often bring water walls 10 to 15 feet high.
  • People outside floodplains high risk mapped file by more than 20 percent of all flood insurance claims National Flood Insurance Program and receive a third of federal disaster assistance for flooding.
  • Your house has a chance of being damaged by a flood during a 30-year mortgage, compared to a fire hazard from 9% to 26%.
  • a car can easily be carried away by just two feet flood.
  • from 2010 to 2014, the average flood claim was nearly $ 42,000.

learn more about flood risk and get the cost of coverage provided. If you are not covered by the flood, it's time to talk things over with your independent insurance agent

Here are some other flooding tools :.

  • Do not drive through floods
  • central deluge: tips and tools to heavy rains and floods
  • Flood damaged fraud prevention vehicle
  • consumer warning: do not buy a car damaged by floods
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