Flood insurance is an important type of insurance that most homeowners should consider regardless of their home’s location. Flood insurance is designed to protect your home and your belongings against damages caused by floods, and provide you with a peace of mind. Purchasing a flood insurance policy may be a complicated process with a variety of exclusions. In order to make it easier, Dune Lakes Insurance serving Inlet Beach, FL and other surrounding communities has prepared the list of things you should know about this insurance before purchasing it:
- The amount of flood insurance coverage you get depends on the value of your home and also what is inside. There is an option to opt for a building policy covering floors, roofs, and walls. You can also add a content policy covering household valuables. However, it is important to know that neither policy covers the land on which the building sits.
- Flood insurance has its limitations – there are certain things it does not cover. For example, it will not cover damages caused by moisture, mold, mildew, or overflowing sump pumps. Also, most coverages have limitations on covering basements and crawl spaces damages.
- There is a waiting period of 30 days that every flood insurance policy has. This means that a flood insurance policy will not take effect until 30 days after it is purchased. For this reason, it is important not to wait until a rainy season and purchase flood insurance as soon as possible.
Florida is one of those states that are prone to experiencing flooding. Therefore, if you are thinking of getting a home in the Sunshine State, one of the first things you should consider is flood insurance. Dune Lakes Insurance serving Inlet Beach, FL is ready to assist you in finding a perfect policy based on your needs and budget. Give us a call today to talk to one of your professional insurance agents.
