flood insurance tips
What Doesnt Flood Insurance Typically Cover
What Doesnt Flood Insurance Typically Cover
Flood insurance typically doesn't cover the following:
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Basement Contents: Items stored in basements, such as furniture, appliances, or personal belongings, are often not covered, especially if they are below the ground level.
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Additional Living Expenses: Costs incurred if you need to live elsewhere while your home is being repaired, such as hotel bills, food, and other living expenses, are generally not covered.
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Mold and Mildew: Damage caused by mold, mildew, or moisture that could have been avoided by the homeowner’s actions is usually excluded from coverage.
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Outdoor Property: Fences, landscaping, swimming pools, decks, patios, and other outdoor structures or features are typically not covered.
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Vehicles: Automobiles, motorcycles, and other vehicles that are not covered by comprehensive auto insurance policies are not included in flood insurance.
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Business Interruption: Loss of income or revenue due to flooding, especially if you run a business from your home, is usually not covered.
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Preventable Damage: Any damage that occurs due to a lack of maintenance, such as failing to repair a leaky roof or window, may not be covered.
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Currency and Valuable Papers: Cash, stock certificates, and other valuable documents are generally not covered by flood insurance.
It’s essential to review your specific policy and discuss with your insurance agent to understand what is and isn't covered in your flood insurance.
Here is what our clients are saying about us:
We contacted Mr. Holt for an estimate via email over the weekend prior to a closing on a property, hoping for a response on the following Monday to take with us with confidence in being insured at the settlement table on a Tuesday. He exceeded our expectations not once but in readily responding to the initial request and then to follow-up questions all during the weekend frenzy that occurs before closing. "Impressive and responsive customer service," for sure!
I have known Tim for many years and he is a man with great integrity, work ethic and one of the nicest persons I know. Over the years Tim has provided insurance counseling and advice to our company, for myself personally, as well as to our clients. Recently Tim, took time to analyze our flood insurance policy and he was able to make some excellent recommendations. Our flood insurance costs are now less and we have much better coverage. I recommend Tim to anyone without hesitation or reservation.
I have no problem giving you an A1 reference for taking care of the flood policies for me and Diane. I appreciate you working with the mortgage company: the surveyor and our previous agent. The result was a 75% reduction in our flood insurance premiums!
We'll help you:
Lower your current flood insurance premiums
Eliminate excessive & unnecessary coverage
Remove the FEMA from the claims handling process
