When natural disasters strike, flood insurance can help to cover potential gaps in your policy. Here at Frisco Insurance, our goal is always to help our customers find the best possible policy for them. This means that you may want to consider adding flood insurance to your overall homeowner’s insurance policy.
The thing to remember is that homeowner’s coverage usually does not include flood insurance. So you would be covered in other sorts of events, such as a burglary or house fire. But flooding specifically would be excluded. Many homeowners overlook this because they assume that homeowner’s coverage means any damage to the home is covered. This is not how it works. It’s important to understand exactly what your policy is going to provide.
After all, cleaning up after a flood can be expensive and the damage to your home can be exceedingly serious. Even a small amount of flooding could cause tens of thousands of dollars of damage. But it’s not just about the money. Here are some other reasons to consider a policy like this as you look at home insurance in Frisco.
It might be required
In some situations, flood insurance is required. Your mortgage lender may require it, for instance, if you live in a floodplain. If you’re close to a body of water, it may be mandated for all homeowners to have flood insurance in that specific area. If you’re concerned about this type of natural disaster, then, the first step is to see if you need this coverage.
Sanitation and water removal
Even if you’re not required to get it, you may consider flood insurance because of all the ways it can help. One example is that you need to sanitize the home and remove water after the flood has subsided. You may also have to remove mold, rot, mildew and bacteria. But even general sanitation and cleanup can take a long time and you may have to hire professionals to handle the job.
In short, it’s not just about replacing the physical structure of your home or fixing physical damage. That will happen, but there are steps to take first. Simply removing the water and cleaning up everything it leaves behind can be expensive, and you haven’t even started trying to repair the home yet. Your flood insurance can still help you at this time.
The onset of mold and long-term issues
As noted above, mold may have to be removed from the house. But it’s important to consider how this is an especially dangerous problem. It’s not just about aesthetics or retail value. Some mold can be highly dangerous to your health, especially if you have children or pets. It can even be deadly.
Mold can also cause long-term issues in your home. There are some cases in which black mold can be so extensive that it’s not even possible to live in the house without having it fully removed. You don’t want to leave any water, no matter how small the amount, in your home. That’s why it’s so important to have insurance coverage that allows you to pay for the services you need. This is not something you want to put off and it is certainly not a step that you want to skip.
It’s affordable to add to your current plan
Finally, a flood insurance policy may pay out extensively when you have to use it, but it’s generally fairly affordable when you buy it. Some have even described it as extremely affordable. If the odds that your house will be involved in a flood are low, you can tack this type of policy on to your overall coverage package for much less than many people assume.
You’re already going to be buying some type of home insurance in Frisco as a new homeowner, as that’s probably required by your mortgage lender. And even if you don’t have a mortgage, most people have some type of coverage just to protect their own investment. So adding flood insurance just means you have to take one more small step to add a small fee. But it can give you peace of mind and, if you need it, you’ll be glad that you had that policy in place.
Getting your coverage
If you have flood insurance, it can help to repair damage, remove water, replace belongings that were in the house, repair structural damage, remove mold or rot, and much more. Floods are often unexpected and the financial hit can be tremendous when one arrives. Having an insurance policy is the best way to protect yourself from these types of costs.
Please feel free to get in touch with us at Frisco Insurance at your earliest convenience to learn more about the policies we provide and how our experienced team can help you.