3 Things to Consider When Determining If You Need Flood Insurance
There are several different options available for you to choose from when you select your homeowner’s insurance. Not all contingencies may be covered in your policy, so you need to make sure you know exactly what type of coverage you need and whether or not your chosen policy provides coverage for it.
For example, some homeowner’s policies do not automatically include flood insurance or damage or loss caused by other natural disasters. This can be especially true if you live in areas that are prone to higher rates of certain disasters or accidents.
If you aren’t sure whether or not you need flood insurance, here are three things to keep in mind when checking to see if this is a policy option or coverage that you should obtain for your home:
- You can check the Natural Hazard Disclosures in the paperwork you got when you purchased your home. Certain residential zones are designated as “flood zones” by the Federal Emergency Management Agency (FEMA).
- Check at the local post office or county assessor’s office for the same information, if you do not have or cannot locate your original purchase paperwork.
- Perform a visual inspection of the surrounding property. How are the storm drain runoffs situated? Is there a low-lying creek or river nearby? Are there historical records of flooding in your area? Do the houses have subterranean basements? You can also ask your neighbors and others in the community to find out if your neighborhood has had issues with flooding in the past.
When you are ready to purchase homeowner’s insurance or flood insurance for your home, let our professional and expert agents at Schumacher Insurance Group work with you to obtain the best coverage for your needs. Contact us today to learn more!