Flooding & Flood Insurance 101
In the past half century, every single state has experience flooding of one type or another. The current flooding in Texas reminds us of how devastating rising waters can be, underscoring the importance of securing a flood insurance policy to protect your home. When you do, here are a few things you should know.
- Your Area: Floods can strike anywhere, but if you live in a flood hazard area you are at a higher risk. The National Flood Insurance Program calls the risky areas Special Flood Hazard Areas and has designated them on maps; find out if you live in one.
- Your Coverage: It is important that you know that your FEMA sponsored flood insurance covers your building—including its electrical and plumbing, major appliances, and even your window blinds—and its contents, but in most cases does not cover the contents or finished basement. Landscaping and most decks and patios are not covered.
- Your Preparation: You can take steps to safeguard your property against flooding. Clear out your gutters, remove low-hanging branches near your home, ensure that all of the land around your home slopes away from it, and check your basement’s drainage and move valuable property stored there to higher ground.
Does your home have the flood insurance it needs to ensure rising waters never sink your financial future? For the coverage you need, contact Allan Block Insurance Agency.