Don’t believe these flood insurance myths to ensure you are able to get the right amount of coverage.
Do you know if you are covered in case of a flood? With the current El Nino conditions throughout California, it is more important than ever to ensure your home and personal property are covered from rising waters. Knowing the truth behind these flood insurance myths can help you find the right amount of protection.
You have to live in a flood plain to get coverage.
If you live in a high-risk flood plain you may be required to get flood insurance, but the coverage is available to all homeowners. If you are thinking of skipping out on coverage, if your lender doesn’t require it, think again. Even if you live in a low-risk area you are at risk of dealing with a flood, making coverage essential.
Flood insurance will cover all damages and destruction.
Just like all other insurance policies, there are limitations to the coverage that comes with flood insurance. Talk with your insurance agent to ensure that the limits of your policy meet your needs. The more your house is worth and the more personal property you have to cover, the more coverage you will need.
My homeowners insurance will cover flood damage.
Flood insurance policies specifically exclude damage that is done during a flood. The only way to get protection in case of a flood is a specific flood insurance policy. Keep in mind that flood insurance policies have a 30-day waiting period before the coverage kicks in, the sooner you choose a policy, the sooner you will be able to get the peace of mind you deserve.
For all of your flood insurance needs, contact the insurance professionals at Stromsoe Insurance Agency. We will help you find the right amount of coverage to meet your needs, all at the right price to fit your budget.