Did you know that flooding is NOT covered under a traditional home policy? Flood policies are written separately and the rates are regulated by the federal government. Floods can happen anywhere. Floodsmart.gov is a federally regulated website where you can type in your address and see if you are at risk for flooding. If you are in a high risk area you probably already have Flood insurance because your mortgage company will make it a requirement to carry it. Not only can you purchase flood insurance for your home, you can also purchase if you are a renter. The coverage is for Personal belongings only. Because the coverage is federally regulated, the price should be the same no matte where you go.
A homeowners policy does usually offer water/sewer back up coverage. You should call you company to find out if you have this coverage available to you.
Our Next post will be about Water/Sewer Backup, so stay tuned!
