Flood insurance is a separate insurance policy from your primary insurance policy. Here are the key facts about flood insurance and how Affordable Insurance Inc. in Mountain Home, AR can help.
What is Flood Insurance?
Flood insurance is a kind of coverage that is separate from your homeowners’ insurance policy. In most scenarios, flood insurance is not mandatory. However, if you live in a high-risk flooding area, such as Mountain Home AR, this insurance might be required.
What Does Flood Insurance Cover?
Flood insurance is coverage for your dwelling and personal belongings in the event they are damaged by flooding. Dwelling coverage includes, but is not limited to:
- Detached garages
- Attached structures
- Construction materials
- Ranges, refrigerators, and built-in appliances (ex. central AC, garbage disposal)
- Hot water heaters
- Light fixtures
- Built-in cabinets, bookcases, and cupboards
- Awnings and canopies
- Permanent carpeting
Flood insurance also covers personal property insurance, which includes:
- Removable carpets
- Washer and dryer
- Personal belongings owned by you, your household, or guests
- Valuable items (collectibles, artwork, jewelry)
Other items that are covered by flood insurance include the cost of debris removal and loss-avoidance measures, such as the cost of removing property before a flood and sandbags.
What is Not Covered by Flood Insurance?
There are certain things flood insurance does not cover, such as:
- Decks, fences, and patios
- Additional living expenses
- Currency, precious metals, and stock certificates
- Swimming pools and septic tanks
- Personal property that is stored in crawl spaces or basements
- Cars and self-propelled vehicles
Flood Insurance Coverage Limits
Coverage limits for flood insurance that are sold through the National Flood Insurance Program (NFIP) insure a specific amount for building property coverage and a certain amount for your personal property. You can also purchase a flood insurance policy that covers only your personal property. You might be able to attain higher coverage limits with private flood insurance.
Contact Us Today
Affordable Insurance Inc. in Mountain Home, AR is here to provide you with flood insurance options that suit your needs. Contact us today to learn about the insurance services we provide.
