Sudden flooding of your property can cause damage to construction materials, home furnishings, and other necessary items. These events can disrupt your normal activities and can lead to big expenses for repair and replacement. A flood insurance policy provides financial compensation when a flooding event occurs. Although you may believe you live in an area of high ground, unexpected flooding can cause the loss of personal items and damage to your home. Call Asheville Insurance Center in Asheville, NC today to discuss your flood insurance needs. We write policies for both North & South Carolina residents.
Many homeowners believe they only need flood insurance if their property is in a coastal area or located close to another body of water. However, a flooding event can occur in any area as a result of heavy rains, ground saturation or overflowing of nearby lakes and ponds. Flood insurance can help you to recoup losses after an event. Although the state of North Carolina does not require flood insurance, your mortgage company may require you have it, if your property is in a high-risk area.
Many people think that flooding is covered under their general homeowner’s insurance policy. However, this is not the case. Only flooding from a broken pipe or other specific event is offered under standard homeowner’s coverage. So, if a severe flooding event occurs in your basement or home, you are completely responsible for the cost of repair and replacement.
In an age of severe climate events, a flood insurance policy can be well worth the expense. You may have recently done upgrades to your home that would be expensive to repair should a flood event occur. You may have expensive electronics in your home that would be a financial burden to replace. You may have special items, such as valuable art or hobby items that may require restoration. A flood insurance policy can help you pay for these expenses.
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