Flood insurance is a sort of property insurance that protects a home from losses caused by floods, such as severe or prolonged rain, melting snow, coastal storm surges, clogged storm drainage systems, or levee dam collapse.
Flooding is the most common and expensive natural disaster in the United States, with typical flood insurance claim payouts exceeding thousands of dollars depending on the incident. Even if you don't live near a river, beach, or major canal, floods can occur anywhere, at any time, and severe flooding occurrences have impacted many homeowners and tenants. During a flood, you should consider purchasing flood insurance to help safeguard your property and personal items.
Flood insurance protects you from more severe types of flood damage, such as heavy rain, melting snow, and severe coastal storms, which are not covered by a standard homeowners insurance policy.
Eddie Funches Insurance Agency can help you secure your investment with flood coverage, whether you're obliged to purchase flood insurance or want extra security for your home.
In the case of a flood, flood insurance protects the structure of your home as well as your personal belongings. Long periods of heavy rain usually result in the type of flooding covered by a flood insurance policy.
Do you live in a condo or a rental? Flood insurance is also available for you if floodwaters approach too close to your belongings.
A word of caution, though: other types of water damage aren't usually covered by a flood policy (such as a pipe bursting in the wall), so be sure you know what your homeowner's or renters' insurance policy covers. Visit our offices in Illinois or call us and get a flood quote today!
