Why Flood Insurance Is So Important to Homeowners

Why Considering Flood Insurance is Essential, irrespective of Your Location

If you are contemplating the necessity of flood insurance, consider this: Almost every homeowner should have it. Flood insurance is an essential buffer against expensive flood repairs, offering peace of mind and enhanced financial security. We at Neff & Associates Insurance Services Inc in Pismo Beach, CA are here to help if you do not have flood insurance yet.

Understanding Home and Flood Insurance Policies

People resist getting flood insurance because of the misconception that their home insurance will cover them against floods. Regrettably, standard homeowners insurance does not include flood coverage. If a flood occurs and you only have homeowners insurance, you will be responsible for all repair costs. Therefore, homeowners need to hold both home and flood policies to be comprehensively protected against disasters.

Acknowledging the Reality of Flood Zones

Flood zones are designated areas prone to regular flooding, although this might occur only every 20 or 50 years. However, an estimated 20% of all flood insurance claims originate from areas not classified as flood zones. Practically every area has a potential risk of flooding, and the financial devastation can be crippling. In extreme cases, homes might require complete rebuilding after a severe flood. Hence, it is crucial to have coverage no matter where you live to mitigate such unexpected events.

You need flood insurance to be well-protected against disasters. Contact Neff & Associates Insurance Services Inc. in Pismo Beach, CA, today to learn more about our versatile insurance options.