It’s Raining, It’s Pouring—What Can I Do About Flood Damage?
Hurricanes, tornados and other bad storms can wreak havoc on your home and property. Mother Nature sometimes makes her might known with devastating storms that can leave residences and businesses with major damage. What can you do in advance to prepare and protect your residence and your belongings? Can anything be done once the storm has passed?
It can come as a terrible shock after a storm to learn that one’s regular homeowners’ insurance does not cover damage caused by hurricanes and flooding.
People who live in areas that can be hit by these devastating storms should purchase separate flood insurance that can help cover the damage left in the wake of a hurricane.
Flood Insurance that Protects Both your property and Contents
It’s important to obtain flood insurance that protects both your property and the contents of your home. Both of these are usually purchased separately, though they can be bundled into a single policy.
The National Flood Insurance Program (NFIP), administered by FEMA (Federal Emergency Management Agency), is the primary provider of this insurance to people who live in areas susceptible to flood damage from storms. Flood insurance is typically a requirement for people who want to obtain a mortgage for a property in these areas.
You can also purchase additional private insurance to increase the coverage, which can be crucial in your ability to rebuild after a catastrophic storm. Most flood insurance is a few hundred dollars a year.
Insurance Cover
Knowing what the insurance does and doesn’t cover is important. For example, living expenses while you are displaced are not covered by any type of insurance.
Gauging how much to take out vs. the level of risk for where you live and what you might need is a careful balancing act.
Nobody wants to incur additional expenses related to maintaining their home, but, if you gamble wrongly and lose, you lose big time, and rebuilding the way you envision may be impossible because of a lack of adequate insurance coverage.
Our Team
FL Legal Group team of attorneys can guide you through your choices and options, help you weigh the risks and benefits, explain what can be covered and what cannot, and assist you in locking in a policy to offer the protection you need.
Contact Us
Call 1-800-984-9951 or Click Here to contact us for a free consultation.