Flood insurance is not always understood by many homeowners. Some homeowners think flooding is covered by their homeowner’s insurance policy when, in reality, that is not usually the case. Here at Maanen Insurance Group, serving the greater Greeley, CO area, we want everyone to understand more about flood insurance and who it is beneficial for. Here is some additional information about flood insurance.
Is Flood Insurance Beneficial For Every Homeowner?
It is essential that you understand that flooding caused by storms, such as heavy rains or hurricanes, is not usually covered by a standard homeowners insurance policy. If your basement were to flood due to heavy rains or a creek spills over its banks and floods your home, you would be on your own to fix it if you did not have flood insurance. Flood insurance can be an add-on to your existing homeowner’s insurance policy or a stand-alone plan, depending on who you purchase it from.
Flood insurance is most beneficial to those who live in a flood plain or areas that are most susceptible to flooding. However, that does not mean that only those living in a flood plain should have flood insurance. Flooding can be unpredictable, and those areas that have never flooded before may suddenly flood. Having flood insurance helps to protect the investment you have in your home and protect your finances. As such, flood insurance can be beneficial for every homeowner.
If you do not have flood insurance to cover your home, now is the perfect time to consider buying a policy. Here at Maanen Insurance Group, serving the greater Greeley, CO area, we can help you. Give us a call today and let us help you with your insurance needs whether you are in Colorado or one of the other many states we serve.