Homeowner’s insurance gives you peace of mind. It gives you security. If your house is damaged, you know that you have a policy in place to help you fix that damage. You don’t have to live with the constant threat that issues could crop up that are outside of your financial abilities. This is a wonderful safety blanket for those with families who value this sense of security in their homes.
The problem is that not all insurance policies are going to cover every natural disaster or other event that comes up. It’s important to know what type of insurance policy you have and what type of coverage you really need. Here at Rockwall Insurance, we can help.
Are you already covered?
Generally speaking, a traditional homeowner’s insurance policy will not include flood insurance. You may be covered if there’s a storm and a tree falls on your house, for instance, but if your home suffers extensive water damage when a nearby river overflows its banks, then you wouldn’t be covered. Should you add this policy on to your total insurance package? Here are a few reasons to consider.
Some homes must have flood insurance
You definitely want to start by checking the regulations with your mortgage lender or any other local ordinances. In some cases, individuals are required to have flood coverage along with their home insurance in Rockwall. This is especially true when you bought your home with a loan, as the mortgage lender is going to require certain types of coverage to protect the investment that they have made.
You could have long-term mold issues
Another reason to consider flood insurance is simply that an extensive amount of water getting into your home can lead to mold and rot. These are issues that can continue even after the flood has ended. If mold spreads throughout your home, it can ruin the entire structure, making it unsafe to live. This could destroy your property value and make it impossible to sell your home.
The solution, then, would be to pay for expensive mold remediation services. But you may be better off just simply having flood insurance in the beginning so that these costs – and others – will be covered for you.
Putting things back the way they were
Furthermore, you have to consider how a flood can cause extensive damage within the house, even with only a small amount of water. There could be debris in your house, you may need to change all the floors, walls may need to be patched and repaired, and the home could even have sanitation and health issues that need to be cleaned up.
In short, your family may simply not be able to re-enter the home directly after a flood. Paying for all the services that you’ll need is expensive and time-consuming. Having a policy for home insurance in Rockwall that includes flood insurance, however, means that this process can get started as soon as possible and that the insurance coverage will pay for it.
On top of that, you don’t just need the home to be repaired. You need it to be brought back up to the same standards you had before. You want to move in and feel like everything is put back perfectly in place. That’s the only way to find the sense of relaxation that you used to have in your home before a natural disaster. A comprehensive flood insurance policy can help you do so.
It is typically not that expensive
A further reason to consider flood insurance along with your home insurance in Rockwall, if you think there’s any chance that you’ll need it, is that these policies tend not to be that expensive. Floods are not as common as other types of damage that occur, and some homeowners will never have a flood at all. This keeps the costs down for those who do live in flood areas and worry about these sorts of natural disasters. You may be able to add flood insurance to your package for an increase in price that you’ll barely even notice, but you’ll definitely notice that you have the coverage after a flood.
You can replace belongings
Finally, remember that you’re not just thinking about damage to your home. You may have a lot of belongings in your house that could be completely ruined in the flood. For instance, a lot of people note that their electronics are destroyed when it floods. Computers, TVs, video game systems, musical instruments and other expensive assets can be destroyed beyond repair. The right flood insurance policy can help to replace these belongings while repairing the damage to your home.
If you’re interested in flood insurance or any other types of coverage that can give you and your family peace of mind, please do not hesitate to get in touch with us. With our experience and knowledge, we can help you navigate this complex system and you can get the type of coverage you need from Rockwall Insurance.