Why Do I Need Flood Insurance?

Why Do I Need Flood Insurance?

“When floodwater from a severe, week-long storm started pouring through the walls of Becky Bentley’s house, she knew she had to get out fast. In the short time it took her and her son to run upstairs to grab the family cat, the rapidly rising water trapped them on the second floor of their home.

With the help of a neighbor, they manage to escape. But when the water receded and Becky finally returned to her Atlanta property, she discovered that most of the contents and drywall were unsalvageable. She thought her Homeowners insurance would cover the losses; but found out most standard homeowners policies do not cover flood damage.

“The water got so high, everything was just destroyed,” Becky told the National Flood Insurance Program. “I didn’t have flood insurance because I wasn’t in a flood plain, so we were told we didn’t need it.”

 

While some regions of the United States are more prone to floods, such as coastal regions, the unpredictability of weather exposes all property to some risk. Flooding isn’t only caused by torrential downpour, it can also be caused by mud flows, rapid snow melt, and ice jams.

An inch of water can cause thousands of dollars in damage, which can shock those who find flood losses are specifically excluded from all Homeowners and personal Umbrella policies.

Flood insurance provides imperative protection for your home if a flood were to destroy your property. The cost of premiums will vary based on the amount of coverage you need, what’s covered, and your property’s flood risk.

New flood insurance policies usually have a 30 day waiting period, so don’t delay in your protecting your home. Contact us at Midwest Insurance Group today for more information on Flood insurance.