Many homeowners feel that because they don’t live near the water or in a known flood zone they don’t need flood insurance. Maybe you have a great homeowner’s policy so you think that it will cover anything that happens. What you need to know is that most policies don’t cover flood damage. Before you decide not to purchase flood insurance, read on below for some reasons that you should.
Your Home is in a Flood Zone
According to statistics, most of the flood insurance claims come from people who do not live in a flood zone. You should never assume that your home is not in a flood zone because you never know what is going to happen. It is best to go ahead and get flood insurance in St. Augustine than be sorry later on down the line.
No Homeowners Policy Covers Flooding
While it is a common thought that every homeowner’s insurance policy covers flooding, it doesn’t. You have to have a separate policy for flood insurance st. augustine, or you are just going to be out of luck if disaster strikes.
You can’t Rely on the Federal Government
Many homeowners don’t realize that the only way the government will step in and pay for the flood damage to your home is if the President declares the entire area a disaster. If you don’t have flood insurance, and a natural disaster such as a hurricane strikes, you are on your own.
Losing Possessions to Floods is Costly
You can probably already imagine how costly it is to lose everything you own in a flood. If you don’t have good flood insurance, you are going to have to pay out of pocket to replace and repair everything. It is estimated that in a 2,000 square foot home it will cost over $20,000 to even begin to repair the damage.
These are just a few reasons that you will want to take out flood insurance for your home. From it being costly to not being able to rely on the government to pay for it, you are better off being safe than sorry.
