4 Myths About Flood Insurance Demystified

One of the purposes of insurance is to offer protection against catastrophes, including floods. However, there are a lot of myths circulating concerning flood insurance. ACU Insurance Services offers flood insurance for people residing in League City, TX. Floods are a common disaster and even if you don’t live in a high-risk area, getting flood insurance is highly advisable.

Here are some of the most common myths about flood insurance

Only People Living in Flood Risk Areas Should Get Flood Insurance

Some people have been misled to believe that only people in very high flood risk areas should get flood insurance. That should not be the case. You should take this insurance even if your area is low or moderate flood risk.

Flood Insurance Is Included in Homeowners’ Insurance

Some people assume that with their homeowner’s insurance, their home is covered against floods. This is not always the case. Many insurance providers consider floods a gradual event rather than a sudden one and don’t compensate you in case of floods occur.

You Can Only Get Flood Insurance If You Are a Homeowner

You don’t have to own a home to get flood insurance; renters also get these covers to protect their possessions in case of a flood.

You Should Wait for The Rain Season to Buy Flood Insurance

You don’t have to wait until the rains come to get flood insurance. One of the reasons for this is that you’ll have to wait for some days after taking flood cover for it to become effective. If there is flooding during this period, the insurance won’t be of any help.

Preparation is key in dealing with potential damages from floods. It’s crucial to understand that floods can occur anywhere, and the only way you can protect your property is by getting flood insurance. ACU Insurance Services serving League City, TX offers flood insurance. Call us to learn more about our plans.