The purpose behind insurance is to give you a backup for a rainy day. Sometimes, in the case of flood insurance, literal rainy days! There are so many different types of insurance that are available, it can be difficult to navigate which types you truly need and which ones aren’t applicable to your situation. Because of this, many people choose to opt out of flood insurance. If you’re wondering if you need flood insurance, you’re certainly not alone! We have put together some information that can help you make the decision.
One of the most important reasons for getting flood insurance is that your home is in a flood zone. If this is the case, your home owner’s insurance may actually require a flood insurance policy to be in place. Even if you think your home is too far from any potential flooding, the flood zones are there for a reason, so don’t risk your home unnecessarily.
Another good reason for flood insurance is if you live in an older home. Broken pipes or burst water heaters are all issues that are not only possible for people living in an older home, but entirely probable as well. A burst pipe or water heater can cause a shocking amount of damage and it can help to be prepared appropriately.
Lastly, there are things that you just can’t prepare for. Should someone else’s water main flood your home or a torrential downpour back up drains into your home, flood insurance can help cover these damaging events. For more information about the flood insurance offered here at First Security Insurance, call us today.