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Do you need flood insurance? Here's what you should know



Flood insurance is an insurance that protects a residential structure and its contents from damage as a result of a flood.

If you are a homeowner with a regular home insurance, know that the insurance does not cover flood damage. Consequently, if your home is located in a flood prone area, you should purchase a flood insurance policy; otherwise you have no protection in the event of a flood.

What does the flood insurance cover?

A flood insurance protects two types of property: the components of your residential structure and your personal property.

Below are some of the components of the residential structure as a typical flood insurance covers:

  • Water heaters
  • Electrical and plumbing units
  • Stoves and central air systems
  • Permanently installed carpets on an unfinished floor] F569079C901
    9C stoves, refrigerators and built-in appliances [196590aresomeoftheappliances] personal characteristics covered by a typical flood insurance:

    • Clothing
    • Furniture
    • Portable air conditioners
    • Portable air conditioners
    • Electronics
    • Washers and dryers
    • are not part of a dishwasher structure

    Before buying a flood insurance, evaluate the individual category content of your tt hem. This will allow you to know the estimated value of each category and how your coverage limits compare to those values.

    For example, artwork and furs generally have a limit of about $ 2,500. Therefore, an average insurance provider will pay a maximum amount of $ 2,500 if these items are damaged by a flood. However, the high cost of these items means that only a few of them are required to exceed the limit. For this reason, we recommend that you purchase additional protection for these items if their estimated value exceeds the coverage limit of your flood insurance.

    What does the flood insurance not cover?

    Like most insurances, flood insurance has certain exceptions. which applies to them. For example, they do not cover valuable paperwork, currency, precious metals and self-propelled vehicles such as cars. In addition, they do not cover personal property if you keep them in your basement.

    In addition, the area under the first floor of your house or property, as well as the basement, often has limited protection against flood insurance. As such, only a few residential structures and personal characteristics are covered in your basement.

    Some of the components of the house structure that are covered are stairs, central air conditioners, plasterboard and foundation. They can also include insulation and electrical outlets and switches, among other things. Some of the personal features covered include freezers, washers and dryers and portable air conditioners.

    Do You Really Need Flood Insurance?

    To answer this question, you should assess the risk of flooding in your neighborhood. You should also confirm if your government or mortgage lender requires it.

    Continue to the Federal Emergency Management Agency's (FEMA) website to determine the risk of flooding in your home. You can find the country's updated Flood Insurance Rate Maps (FIRMs) there .

    FIRM shows each county divided into communities. Each community has a map showing areas with the highest and lowest risk of flooding. These areas are known as flood zones. If your home is in a flood prone area, we recommend that you purchase flood insurance.

    At Abbate Insurance, we are more than ready to meet all of your personal insurance needs. With our help, you can decide which insurances you need and how to obtain them. Contact us today to get started


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