Flood Insurance in Windsor, NC
Water may often seem harmless, but when floods unleash torrents toward your home, its devastating capabilities are likely on full display. If floodwater seeps into your home, even a single inch can cause significant damage to its physical structure and your belongings, potentially incurring extensive financial losses. In their wake, floods can leave behind major monetary concerns, making appropriate flood insurance a potentially critical investment.
What Is Flood Insurance?
These specialized policies can be purchased from private insurers, as well as through the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program. This type of insurance tailors coverage specifically toward assisting with the fiscal ramifications of floods, which are generally excluded from standard homeowners and renters policies.
What Does My Policy Cover?
Flood insurance typically offers multifaceted financial protection against various costs and losses in the aftermath of these natural disasters. Specifically, you may be able to receive payouts to assist with the following:
- Building damage, such as if the foundations, walls, floors and plumbing and electrical systems of your home experience flood-related water damage
- Lost or damaged possessions, such as if floodwaters damage, destroy or sweep away the contents of your home, including furniture and electronics
- Cleanup costs, such as if floods lead to mold infestations or leave behind debris requiring you to enlist assistance for remediation or removal
Who Needs Coverage?
There are no overarching laws requiring homeowners to carry flood insurance. However, you may be subject to specific mandates depending on your unique circumstances. For example, coverage is typically required if you have a mortgage through a federally supported lender and live in a high-risk flood zone. Additionally, if you’ve previously received aid from FEMA for flood-related losses, being uninsured will make you ineligible for future benefits.
We’re Here to Help
Contact Dan Pittman Insurance Agency today to learn more about flood coverage or compare quotes.