Why is Flood Insurance Important?

A flood insurance policy helps to cover any damages caused by floods. It is important to apply for this type of insurance policy because:

• Floods are the number one natural disaster in the U.S.
• At least twenty percent of flood claims fall in the low-to-moderate risk areas.

It is important to know that flood insurance is not only just for homes located in high-risk regions. Do not wait too long to consider if you should add a flood insurance policy to your current home insurance package.

Bandy Insurance Agency in Indiana can help you purchase a flood insurance policy. Please get in touch with us today and get started.

The appropriate time to get flood insurance

Flood protection packages have a thirty-day waiting period; therefore, you should apply for one to protect yourself in the event of rising water. More so, you must go through your wind and hail coverage deductibles. An insurance agent from Bandy Insurance can assist you in acquiring sufficient insurance protection. Get in touch with us today and start the process.

A flood insurance policy covers what exactly?

A flood policy will help protect your house, personal possessions, or both.

For property coverage, this policy may help guard the physical structure of your house and the foundation. This includes:

• plumbing
• electrical systems
• air and heating systems
• cabinets
• panels
• built-in bookcases
• a detached garage

You should note that apart from a detached garage, other detached structures will require their own insurance policy.

The property coverage policy normally pays out on a replacement cost basis for the main residence and on a cash value basis in the case of a vacation residence.

For personal belongings coverage, this policy may help guard:

• Clothing
• Furniture
• Electronics
• Curtains
• Some portable appliances
• Refrigerators and the food stored within them
• Certain valuable items like art up to a certain limit
• The personal belongings coverage policy pays out on the actual cash basis

At Bandy Insurance in Indiana, we can help you purchase a flood policy. Contact us today and start the journey.