Protect Your Home with Flood Insurance
What Is Typically Covered By Flood Insurance?
What Is Typically Covered By Flood Insurance?
Flood insurance provides vital protection for homes, businesses, and belongings in the event of a flood. Since traditional homeowners insurance doesn’t cover flood damage, flood insurance ensures that you're financially protected against the costly repairs and replacements required after a flood. Here’s a look at what’s typically covered by a standard flood insurance policy.
1. Building Property Coverage
Flood insurance typically covers the structural components of your home or building, including:
- Foundation and Walls: The foundation of your property, along with the walls, flooring, and ceilings, are covered.
- Electrical Systems and Plumbing: Damage to the wiring, electrical systems, and plumbing due to floodwaters is typically included.
- HVAC Systems: Flood insurance covers heating, ventilation, and air conditioning systems, which can be expensive to replace if damaged.
- Built-In Appliances: Major appliances, such as water heaters, refrigerators, and dishwashers, are often covered if they are permanently installed in the structure.
2. Personal Property Coverage
Flood insurance also covers the contents inside your home or building. This can include:
- Furniture and Clothing: Items such as sofas, beds, clothing, and other household goods are typically covered.
- Electronics: Devices like TVs, computers, and phones are included.
- Valuables: Personal valuables, such as jewelry, artwork, and collectibles, may be covered, but typically with limits on the amount reimbursed.
3. Clean-Up Costs
In many cases, flood insurance covers the costs associated with cleaning up after a flood, such as the removal of mud, debris, and waterlogged materials that can’t be salvaged. This can help you get your home or business back to a livable state more quickly.
What’s Not Covered?
While flood insurance offers comprehensive coverage, it doesn’t cover everything. Exclusions typically include:
- Damage to landscaping, pools, or outdoor structures
- Sewage backups or groundwater seepage
- Damage to vehicles (which would need separate coverage)
Flood insurance offers critical financial protection in case of a flood, but it’s important to understand the specifics of what’s covered to ensure you have the right policy in place. Always check the terms of your policy and work with your insurer to customize your coverage to meet your needs.
Here is what our clients are saying about us:
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.
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 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
