When it comes to protecting your home in Florida, one of the most important things you can do is to get insurance coverage on it. A homeowner’s insurance policy from Tim Huber Insurance Services in St. Augustine, FL will help provide coverage for many events, such as fire and burglary, but in many cases, it will not pay out for claims that are associated with flooding. This is why you should carefully assess whether or not flood insurance is worth the investment. Let’s take a closer look at flood insurance and whether or not you should buy a policy.
What is flood insurance?
When you buy a homeowner’s policy, it will likely cover a minimal amount of damage that is caused by rainwater (not all policies provide this amount of coverage). What it will not cover, however, is water damage caused by the house being filled with water due to rising bodies of water, like streams, oceans, rivers, and lakes. To obtain coverage for this type of damage, you will need to invest in a flood insurance policy.
Is flood insurance worth the investment?
If there is little likelihood that your home could be flooded by a rising body of water, then flood insurance may not be worth the investment for you. If, however, you live close to a body of water (whether or not it is prone to rising and causing flooding), then this means there is a chance of flooding and that flood insurance will be a wise investment for you to make.
To learn more about flood insurance and whether or not it is a good investment for you to make, contact Tim Huber Insurance serving the St. Augustine, FL area.