Three reasons why flood insurance is essential for you

As a homeowner, you might be unsure of what the best option to take is when it comes to flood insurance. When deciding whether to purchase flood insurance, you should be aware of the most important reasons for purchasing flood insurance.

At Calhoun Risk Management, we recommend flood insurance to residents of the Minneapolis, MN area for the following three reasons. 

Flood insurance is not included in a typical home insurance policy.

Homeowners need to be aware of the fact that a typical home insurance policy won’t provide coverage for flood damage. Flood insurance needs to be bought separately. 

Read the fine print of your home insurance policy. Flood insurance almost always requires at least an add-on to a home insurance policy if it is available from a home insurance provider. Fortunately, flood insurance is usually not excessively expensive and tends to be affordable for the vast majority of homeowners. 

Flood damage can completely destroy property.

Homeowners need to be aware of how thoroughly a severe flood can destroy a property. If a flood creates several inches of standing water within a home, the resulting water damage can be so devastating that the home cannot be safely lived in. In fact, a home could be condemned because of issues like black mold growth and structural damage that severely compromise safety and are often caused by floods.

Flood insurance is essential to protect one’s finances and the investment homeowners make in their properties. 

Floods are the most frequently seen natural disaster in the country.

Even those who don’t live in flood zones could still experience damage to their homes caused by floods. It’s important to realize just how common flood damage is. Flooding is the most common natural disaster in the United States. 

If you’d like to explore your options for flood insurance at Minneapolis, MN, contact us at Calhoun Risk Management to learn more.