Flooding is one of the most common natural disasters in the United States. According to the National Flood Insurance Program, floods occur in all 50 states and can cause billions of dollars in damage each year. Unfortunately, some of this damage occurs in homes that are not insured against floods. ACU Insurance Services in League City, TX provides this guide in navigating this important coverage.
Does Homeowners Insurance Cover Flooding?
While homeowners insurance policies typically cover wind damage and hail damage, they often exclude flooding. This means that if a flood damages your home, you will likely have to pay for the repairs out of your own pocket. But before looking at flood insurance, it’s important to understand what home insurance covers.
Home insurance, also known as hazard insurance, is a type of property insurance that protects your home from damage caused by fires, storms, and hail. It also covers damage caused by vandalism and theft. Home insurance policies typically have two parts: coverage for the structure of your home and coverage for your personal belongings. It also protects you from liability if someone is injured on your property.
For most people, home insurance is a necessity. But if you live in a high-risk area for floods, you may want to consider purchasing flood insurance. Flood insurance is a type of property insurance that covers your home and belongings from damage caused by floods. It is important to note that flood insurance is not typically included in homeowners insurance policies.
However, some insurers offer flood insurance as an add-on to their homeowners’ insurance policies. This means that you will have to pay an additional premium to add flood coverage to your policy. But did you know that it’s not only people who live in high-risk areas for floods who need flood insurance? Floods can occur anywhere, and even a small amount of water can cause significant damage to your home.
Contact Us Today
As you can see, home insurance is a vital part of owning a home. If you live in an area that is susceptible to flooding, be sure to purchase flood insurance to protect your investment. ACU Insurance Services offers home insurance policies for homes in League City, TX and the surrounding area. Give us a call today to learn more about our coverage options.
