Flood Insurance and Excess Flood Coverage

Floods can cause massive damage to your home or business, and many people assume that their homeowner's or renter's insurance policies will cover flood damage. However, this is not the case, and it is essential to have separate flood insurance coverage to protect your property and assets in the event of a flood. 

Flood insurance is a separate policy that is designed specifically to cover damage caused by floods. It is important to note that even if you live in an area that is not considered high-risk for floods, you may still be at risk for flooding due to unexpected weather events or changes in the landscape.

Flood insurance policies provide coverage for damage to your property, including the structure of your home, as well as personal property, such as furniture, appliances, and clothing. The amount of coverage you need will depend on the value of your property and the potential cost of repairing or replacing it in the event of a flood.

In addition to standard flood insurance policies, it is also important to consider excess flood coverage. Excess flood coverage provides additional protection beyond the limits of your standard flood insurance policy. This can be especially important if you live in an area that is at high risk for flooding or if you have significant assets that you want to protect.

Excess flood coverage can provide added protection for your property and assets, including coverage for temporary living expenses if you are forced to evacuate your home due to a flood. This coverage can also provide additional liability protection if someone is injured on your property during a flood.

It is important to understand that excess flood coverage is not required by law, but it can provide additional peace of mind and protection in the event of a flood. When considering excess flood coverage, it is important to speak with your insurance agent to determine the appropriate coverage limits for your needs. Contact your insurance agent to learn more about flood insurance and excess flood coverage and to determine the appropriate coverage limits for your needs.