The chances are pretty good that you are unsure as to whether or not that you need flood insurance in Brevard County. To determine whether or not this type of coverage is best for you, it is a good idea to learn all about flooding and insurance, as well as your coverage options.
Did you know that floods happen to be the number one natural disaster across the United States? Just a few inches of water in your home can cause a significant amount of damage to your belongings as well as your home’s structure. There are plenty of conditions that can bring on flooding, including heavy rain, spring thawing, hurricanes, and more.
These are some things that you should be considering if you are wondering if it is time to get flood insurance in Brevard County:
Your Current Homeowners' Insurance May Not Cover Flooding
Standard policies usually do not cover damages from flooding. Due to the fact that flooding can happen just about anywhere, you should think about buying a completely separate flood insurance policy. If you are concerned about making the best choice for coverage, you can talk with your local insurance agent about getting the flood insurance that seems to fit in best with your needs.
Know the Costs Involved in Flood Insurance
Flood insurance pricing will often be based on a range of factors. This will usually include the flood risk of your property, how much coverage you are planning to buy, and more. It is possible to buy separate coverage for your home’s structure and then another one for the belongings. The coverage that you buy and whatever limits are set up will help to determine the cost of your policy.
Is Flood Insurance a Requirement?
If you happen to have a home that falls in with an area that is deemed high-risk and you have a mortgage through an insured or federally regulated lender, then it is important that you have flood insurance. Most people that live in an area that is said to be lower risk will not have to get flood insurance, and it will be voluntary. It is a good idea to remember that flooding does not always come from a natural disaster. You may even have a major issue when you are away from home where your pipe bursts, and your home takes on hundreds or thousands of gallons of water. Having flood insurance will help you to take some of the sting out of the cost of restoration and replacement.
Even having just an inch of water in your home can lead to damage that might cost up to $20,000 or more. Flood waters also carry with them a variety of contaminants that must be addressed by professional restoration teams so that your home is safe for all inhabitants. Contact us today at The Insurance Center of Central Florida, Inc., and we will talk with you about setting up flood insurance in Brevard County to ensure you are covered. You can reach a member of our team by calling (321) 255-0986, and we will go over all of the details with you.
