The agents at Mid-America Insurance Agency of Illinois understand how important it is to have flood insurance even if you do not reside in a high-risk area, and they understand the fear that comes with knowing someday you might be thankful you have flood insurance. Homeowners’ insurance does not include flood insurance. You can purchase flood insurance for both your home and your business.
Statistics show that one out of every five claims comes from a person who lives in a low-risk zone. Which goes to show you never know, and it’s better to be safe than sorry. If you live in an area that gets snow, you may experience the effects of melting snow, which is likely to result in some type of flooding. Flood insurance is added protection for your home in many situations.
What Does & Doesn’t Flood Insurance Cover?
In Particular, the fundamental parts of your home, such as the foundation and all systems that keep the house running, such as the boiler, central air, and heat, furnace, as well as all appliances are covered. This also includes your personal belongings, furniture, carpet, and flooring. A policy may not cover a basement and certain water backup. You also typically have a 30 day wait period before flood insurance goes into effect.
How Flood Insurance Works
Flood insurance is a type of disaster insurance and is very different than your basic hazard coverage, which is included in your homeowner’s policy. Homeowner’s insurance only covers interior water damage, such as damage caused by a burst pipe, tornadoes, or heavy rainstorms.
Flood insurance works by providing you with coverage in the event of a flood that can be caused by melting snow/ice, hurricanes, or rain, etc. the insurance company will give you a check to repair or replace all essential items that were lost in a flood.
Flood insurance policies are available for all homes and commercial properties. Call Mid-America Insurance Agency in Illinois today to learn more and get a quote.