Floods are one of the most common natural disasters in the United States, and they can cause billions of dollars in damage. Homeowners’ insurance typically does not cover floods because floods are considered natural disasters. And most home policies exclude natural disasters from coverage.
However, there are some ways to protect yourself from financial ruin if a flood damages your home. One option is to purchase a separate flood insurance policy. And another option is to get a rider on your homeowners insurance policy that covers floods. Riders are typically available for an additional premium and can help cover some of the costs associated with flooded homes. Finally, you can try to negotiate with your mortgage lender to have them cover the cost of repairs if a flood damages your home,. Floods are unpredictable and can happen anywhere. So it’s essential to prepare financially in case your home becomes flooded. By understanding your options and being proactive., you can help to protect yourself from financial ruin in the event of a flood.
We’d be happy to review your insurance coverage options with you! Give us a call at (734) 213 – 6736 or visit https://www.heidikinsurance.com.