Flooding is a serious risk for homeowners because it can destroy both the structure of the property and the contents, such as the furniture and appliances. In some cases, flooding is included in the general homeowner’s insurance policy, but people in high-risk areas might need specific flood insurance. A good agent can evaluate your situation and help you find the best homeowner insurance company.

Are Floods Included in Your Homeowner’s Insurance? 

Floods can occur for a number of reasons, and some of them are covered in your normal homeowner’s insurance. For example, you should be able to make a claim if a water pipe bursts and floods your home. This type of problem is usually called “escape of water,” not “flood,” and it is considered a standard risk of homeownership. Therefore, it is covered in most general home insurance policies.

However, people who live in high-risk areas might need to get additional coverage. If your building is situated near a river or canal that might overflow, getting specific flood insurance could be a good idea. Similarly, those living in areas where storms cause a lot of damage should consider purchasing an add-on policy. When you reach out to one of our insurance agents, they can evaluate your situation and let you know whether this is necessary.

What Does Flood Insurance Cover? 

There are various costs associated with flooding. Your insurance policy will cover the removal of debris from your house, the repair of your property, the fees charged by professionals such as solicitors and surveyors, and the cost of repairing or replacing your furniture and appliances. What’s more, they are likely to pay for alternative accommodation while your home is being fixed.

Depending on the kind of cover you have, you might be able to replace some or all of your belongings. For example, a new for old policy pays out enough to buy similar, new items, but indemnity cover will only pay the amount that your belongings were worth before the flood. If some of your things are several years old, it’s likely that the money you will get for them won’t cover the costs of getting a new item of the same quality.

How to Find the Best Homeowner Insurance Company

As you can see, not all floods are covered in a general homeowners insurance policy, and if you live in a high-risk area, you should buy additional coverage. The best way to avoid overpaying is to speak to a highly experienced insurance agent.

Such a professional can provide you with the most competitive quotes in your area and help you decide which insurance company is best for you. Over the next years, they can monitor your policy to make sure it remains competitive.

While most homeowners insurance policies cover certain kinds of floods, people who live near a river, canal, or other body of water might need to get specific flood insurance. There are various options available, and an insurance agent can help you find one that suits your individual situation. Get in touch with us today at Absolute Choice Insurance to get your free quotes.