When it comes to preparing for natural disasters, no amount of physical fortifications and building modifications may prevent all damage to your property. This can be a particularly harsh reality when considering floods, as even a small amount of water entering your home or business could inflict significant damage and lead to extensive financial losses. Fortunately, by understanding, purchasing and maintaining the right flood insurance, you can be covered against these situations.

What Is Flood Insurance?

True to its name, flood insurance can financially protect policyholders from the potential losses and damages inflicted by floods. Whether caused by heavy rains, overflowing bodies of water or infrastructural issues (e.g., broken dams or water mains), having the right coverage for floods can make all the difference in limiting out-of-pocket losses. This type of coverage can be retained for residential and commercial properties.

What Does a Policy Cover?

Flood insurance can provide financial assistance in response to many types of losses that could impact homeowners, renters and businesses alike. While the exact details of your coverage may vary, policies generally include the following primary protections:

• Structures coverage can help you manage repair, rebuild or restoration costs involving insured buildings, including losses involving floors, walls, foundations, attached fixtures and large appliances.

• Contents coverage may assist with losses and damages involving belongings stored in an insured structure, such as furniture, electronics and clothing.

Who Needs Flood Insurance?

One of the most important things to understand about flood insurance is that coverage is typically excluded from standard homeowners, renters and commercial property insurance policies. Unless you acquire enhanced or additional coverage, you may be responsible for paying all costs and losses arising from floods out of pocket.

We’re Here to Help

Contact Jean Deese Insurance Agency today to learn more about coverage options in Cullman, Good Hope and Hanceville, Alabama.