Don’t Get Stuck Underwater Without Flood Insurance

Flood Insurance 101

When most people think of spring, they think of warm weather and blooming flowers. However, spring can also bring floods, which could mean serious issues for your home. Flooding can affect every homeowner, no matter where they are located. Knowing how to protect your home and assets with the right flood insurance policy can help to ensure that you are not left underwater when the next flood hits.

While your existing homeowner’s insurance policy will provide coverage for many situations, it will not provide any coverage for damage that is caused by a flood. Only a specific flood insurance policy will provide protection. Unlike your other insurance policies, you must pay your premiums for your flood insurance policy in full. There is also a 30 day waiting period before your flood insurance coverage will kick in, so the sooner you invest in a policy, the sooner you will be protected. If a flood hits your house while your policy is still in the waiting period, you will not have any coverage.

When investing in a flood insurance policy, you have the choice to invest in coverage for just the structure of your home, or you can extend the protection to your personal assets. The building coverage that flood insurance will provide will cover damage that is caused to your home and foundation, plumbing and electrical systems, permanently installed carpeting, detached garages, and more. The contents coverage that is provided by flood insurance policy will cover all of your personal belongings, including your furniture and clothing.

To ensure that you are protected when the waters start rising this spring, contact the insurance professionals at American Advantage – IFS Inc. in Pewaukee, Wisconsin. We will work with you to ensure that you have the coverage that you deserve for all of your belongings.