Do You Need Flood Insurance?

Whether you are a new homeowner or you have lived in your property for some time, you may be wondering if you really need to purchase flood insurance. Flood insurance is something that many people do not consider because they assume that they do not need it if they are not in an area that is prone to flooding or if the area is not at a high risk for flooding. Unfortunately, this is a big mistake that people can make and there are several reasons why you should consider flood insurance. Continue reading to find out why.

  • Your homeowners policy probably does not protect you. One bug mistake that many people make is assuming that their homeowners insurance policy also covers flooding. Unfortunately, most of them do not. It is worth taking a look at your policy to see what is and is not covered so you can know for sure. 
  • Twenty percent of all flooding happens in low to moderate flooding areas. That means that even if the area is not known to flood, floods still happen quite a bit. That is a big percentage to consider. Flooding can happen anywhere because if a burst pipe or a variety of other factors. 
  • New construction areas are more prone to flooding. The soil that used to absorb water is not covered by sidewalks and roads which means the water has to go somewhere. It can result in flooding which is something many people do not even consider. 

If you are interested in taking a look at your current policy for any gaps or would like to find a new flood insurance policy, contact us today at Jim Boyce Insurance. We will be happy to help you through the entire process and find an insurance policy that meets your needs.