The Importance of Flood Insurance: Protecting Your Home from Hurricane Damage
When it comes to shopping for homeowners insurance, most people ensure that their policies cover wind and storm damage. However, many overlook a crucial aspect of protection: flood insurance. It’s essential to understand that flood damage, rather than wind, often causes the devastating scenes we witness after hurricanes. Homeowners insurance typically does not cover flood damage, and even if your home sustains water damage due to a hurricane, your hurricane insurance won’t provide coverage either. This is why having flood insurance is vital. The good news is that flood insurance is affordable, with an average cost of around $500 per year. If you live near the coast, a river, or a drainage channel, it’s strongly recommended to have flood insurance in place. If you have any questions or would like to inquire about flood insurance prices, feel free to call us at 386-673-5550. At the O’Quinn Insurance Agency, our goal is to keep you protected and well-informed.
Why Do You Need Flood Insurance for Hurricane Coverage?
While homeowners insurance typically covers wind and storm damage, it does not extend coverage to flood-related incidents. Unfortunately, the destruction caused by hurricanes often includes flooding, which can be financially devastating. Flood insurance provides the necessary protection against flood damage, ensuring that you have the means to recover and rebuild in the aftermath of a hurricane.
Flood Damage vs. Wind Damage:
Many people mistakenly believe that their homeowners insurance will cover all hurricane-related damages. However, it’s important to differentiate between flood damage and wind damage. While wind damage may be covered by your homeowners insurance, flood damage resulting from rising water, storm surge, or excessive rainfall is not included in standard policies. Without flood insurance, you could be left to bear the financial burden of repairing or replacing your property.
Affordability and Peace of Mind:
Contrary to popular belief, flood insurance is relatively inexpensive. The average cost of flood insurance is approximately $500 per year, providing significant value considering the potential financial losses from flood damage. By obtaining flood insurance, you gain peace of mind, knowing that your home and belongings are protected from flood-related risks.
Living Near Water Sources:
If your home is situated near the coast, a river, or a drainage channel, your risk of experiencing flood damage is heightened. Factors such as storm surge, heavy rainfall, or inadequate drainage systems can lead to flooding. Having flood insurance in place ensures that you are adequately covered and prepared for such situations.
Contact Us for Flood Insurance:
At O’Quinn Insurance Services, we prioritize your protection and strive to keep you informed about the insurance coverage you need. If you have any questions about flood insurance or would like to explore pricing options, please don’t hesitate to contact us at 386-673-5550. We are here to assist you and ensure that you have the right coverage to safeguard your home from flood-related risks.
Remember, when it comes to hurricanes, comprehensive coverage includes both wind and flood insurance. Don’t leave your home vulnerable to financial devastation—act now and secure the necessary flood insurance coverage to protect your investment.
May 15, 2012, Ormond Beach, Florida. Photo credit: Jason Weingart.