When people decide to protect their homes through insurance, the first thing that comes to mind is homeowner’s insurance. However, the biggest challenge is that most people assume that flood insurance is covered under home insurance, which is not the case. Flood insurance comes in handy, especially for people living in flood-prone areas. Deluxe Insurance Group (Duluth) in Duluth, MN explains why you should consider flood insurance.
Protecting the Structural Damage to Your Home
Structural coverage deals with the structure of one’s home, including essential elements like the HVAC unit and electrical wiring. Floods have been known to cause significant damage, almost crippling one’s financial status. The water damages the flooring and walls and leads to the growth of mold. In severe circumstances, it can create cracks in the foundation, putting your home at risk. Flood insurance helps cover the cost of repairing your home. This includes components like electrical rewiring or replacing drywall.
Protect Your Property
Your personal property is likely to get damaged by water when your home floods. With content coverage, your insurance company will help replace any content you have lost. This includes the furniture that you cannot salvage and electrical gadgets that get ruined by water. However, confirm with your insurance agent what your particular policy covers. For instance, you may have limited coverage when it comes to some valuable items like a family heirloom. Confirming this ahead of time will help you decide if you need to buy additional coverage.
Considering that even an inch of water in your home can cause significant damage, most homes are not entirely safe from flooding. However, purchasing flood insurance is what makes the difference between recovering from a flood and a financial setback. Residents of Duluth, MN, looking to protect themselves, can reach out to Deluxe Insurance Group (Duluth). Our skilled agents will help ensure that your home is adequately protected, giving you peace of mind.