Flood Insurance Coverage
Even though your homeowners insurance policy will provide coverage for many unfortunate situations that you may run into, it will not provide coverage for every peril that you face, including floods. Typical home insurance policies will provide coverage for damage caused by rain before it hits the ground, such as if it causes a tree limb to fall on your house, but it will not provide any protection once the water is on the ground.
The only way to make sure that your house and personal belongings are protected from rising water is to invest in a flood insurance policy. Only homeowners that buy a house in a high-risk area, or have a mortgage from a federally insured or regulated lender are required to invest in a flood insurance policy, but all homeowners can benefit from the coverage.
Flood insurance will provide coverage for the structure of your house, as well as your personal belongings, with some exclusions. Typically, furniture and finishing’s in basements are excluded from the coverage that is provided by your flood insurance policy. It is important to keep in mind that there is a 30-day waiting period before your flood insurance coverage will kick in, so the sooner you invest in a policy, the sooner you will be covered. If a flood hits your house while your policy is still in the waiting period, you will be responsible for all of the damages that occur at your house.
For all of your home and flood insurance needs, and to make sure that you are protected from any disaster that hits your house, contact the independent insurance professionals at Bell Black Insurance in Rexburg, Idaho. We will work with you to make sure that you have the coverage that you deserve, all at the right price.