Do you need flood insurance? Or are those flood insurance ads on television just a ploy by the insurance companies to get you to buy yet another insurance policy? Floods are obviously quite common in low lying areas that are surrounded by water. In these areas, not having flood insurance is downright financially suicidal in the event of a serious storm.
Flood insurance is there to protect you against the water damage that can destroy your home from the ground up. Even just a few inches of water inside your home can leave damage in every room, as well as damage to the personal belongings that are in the path of the water.
Of course, we expect people who live right next to large bodies of water to have flood insurance. They have a higher likelihood of experiencing a flood than others who live in typically drier regions. The typical flood scenario is always obvious to all of us. However, with new weather patterns there are more floods happening in more unlikely areas that are taking out the properties of higher lying areas that are removed from large bodies of water.
Ground water can start to meet the rain water when the ground is saturated. It doesn’t take much to start noticing a significant rise in innocuous bodies of waters such as streams and ponds. It doesn’t take much for the overly saturated ground to start siphoning off rain water, which in turn creates flooding.
Floods can happen thanks to saturation of the ground just as easily as it can happen when ground water and rain water meet to cause excessive rain runoff which can lead to flooding. No matter where you live, you may very well find that you are suddenly noticing that there is an increase in water saturation after every rain.
With the potential for electrical problems, the water damage and clean up, and the damage to all of your personal possessions, flood waters can turn into a devastating event very quickly. Being left without any financial recourse poses a serious risk to protecting not just the investment that is your home, but the sanctuary that is your home.
Flood insurance is the only insurance that you can count on to cover the water damage caused by flooding. Homeowners insurance and renters insurance do not cover flooding caused by weather phenomena that cause damage to the building. It is vital that you invest in flood insurance in order to protect yourself from the financial burden that comes with heavy rains.
About the author: Ken Henry has some great suggestions on finding the solutions to your insurance questions. Get flood insurance advice and quotes from 5 top companies, plus get an exciting tip sheet on auto and home insurance
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