Flood Insurance In California
Purchasing a home is a significant investment, and because of this, you buy homeowner’s insurance to protect it. However, you may not realize that homeowner’s insurance is often not enough to cover all of the potential losses you may face.
Flooding is considered the leading disaster in the United States, resulting in billions of dollars in damage to residential and commercial properties each year. However, flood insurance is a misunderstood and overlooked type of insurance, but we can help here at Insurance by Allied Brokers.
Is Flood Insurance Needed?
The answer is a resounding yes! Flooding can occur anytime and anywhere due to a hurricane, storm, or rapid rainfall accumulation. Since a standard homeowner’s insurance policy does not cover flood losses, a separate policy must be covered to ensure your home is properly protected.
It only takes a few inches of water to cause hundreds to thousands of dollars in damage. Therefore, don’t assume that you must live in a high-risk area in California to need flood insurance. Believe it or not, 20 percent of flood claims come from low-to-medium risk areas in the U.S. If it often rains where you live, you live in a flood-risk zone.
What Does Flood Insurance Cover?
Your California home and personal belongings can be covered with building the property and personal contents coverage.
Building Property Coverage
This coverage will help protect the physical structure and foundation of your property, in addition to its HVAC systems, plumbing and electrical, plumbing, etc.
Personal Contents Coverage
This coverage will help protect your electronics, clothing, curtains, and specific valuables.
Many different factors need to be considered when choosing the appropriate flood insurance for your home. Contact one of our agents at Insurance by Allied Brokers and let us help you protect your investment.