A Short Guide To Flood Insurance

As a homeowner, the last thing you want to deal with is extensive water damage.  From hidden mold to rotting wood, there are countless issues that can arise after your home floods.  Unfortunately, flooding is not uncommon either.  It is by far the most frequently occurring disaster in the United States and won’t be dethroned anytime soon. 

Another thing to consider is how costly flooding can be.  While most people are aware that flooding can cause a lot of damage to your home, most aren’t aware of how much it usually costs.  The shocking answer to this question is that flooding damage repair costs can often fall in the six-figure range.  This makes having flood insurance a must.

What Is Flood Insurance?

Flood insurance is a type of insurance coverage that is designed to cover homeowners in the event they face flooding and flooding-related damage.  Flood insurance can cover your home and many things inside it like your carpets and your appliances.  

Is Flood Insurance More Necessary In Some States?

Your chances of dealing with a flooded home can definitely vary depending on where you live.  People who live near large bodies of water or in a coastal state definitely face a much higher risk level.  For example, flood insurance in TX is much more necessary than flood insurance in Colorado.

Flood damage can cost you immense amounts of money.  However, flood insurance can help you with these expenses.