Owning a homeowner’s insurance policy is great! In most cases, it protects against things like theft, liability accidents at your home, and instances of weather damage. However, one of the things most home insurance policies do not protect against is flooding caused by naturally rising water. The only surefire way to protect against a flood of this type is to obtain a separate Flood Insurance policy.
Sadly, many homeowners find out about this the hard way. It happens almost every year. A flash flood will hit during monsoon season and water finds its way into a home. Surprisingly, any standing water measuring over a half an inch can cause a lot of damage. Baseboards and drywall are ruined, flooring needs to be replaced, and dangerous mold can build up. The cost to repair these items is high.
Homeowners who experience this expect to file a claim through their homeowner’s insurance to begin the restoration process. The problem is, their policy does not cover against this type of flood. As a result, they are left trying to pay for damages on their own.
A “flood” your policy WILL cover