Do I Need Flood Insurance For My Home

Do I Need Flood Insurance For My Home

A flood is the nation’s most common and even the costliest kind of a disaster. According to the Federal Emergency Management Agency (FEMA), homeowners suffer thousands to millions of dollars in flood-related damages annually. While it is already apparent that if you live in an area near a lake, ocean, or river you are at a high risk of flooding, but properties or homes that are situated far from water can also be prone to flooding. 

Many conditions can cause flooding; such as heavy rains and hurricanes. But there are also other internal causes of flooding in homes, such as burst pipes or spring thaws. Whatever the cause is, flooding can result in extensive water damage to your home and its contents. Water can seep into building materials and compromise the structural integrity of your home; which can result in costly flood damage repairs and restoration. Homeowner’s insurance does not protect you in the event of a flood. It simply means that you are on the hook for every type of damage flood caused to your home. But with flood insurance, restoration costs can become more manageable and you can provide additional protection in case your home suffers from flood damage.

For some homeowners, flood insurance is a requirement. But, if you are living in a low-risk area, you might be debating whether buying flood insurance is worth it as it involves money. So, if you are in dispute about whether you should flood insurance for your home, then you have to continue reading to know other facts that can help make up your mind. 

 

What Is Flood Insurance Policy?

Flood insurance policies are separate insurance policies that a homeowner can buy to provide additional protection in the event of a flood. Homeowners purchase this because the standard homeowner's insurance policy does not cover flood damage. 

In some cases, you may need to purchase flood insurance. According to FloodSmart.gov, if your home is located on land that has a high risk of flooding, your lender might require you to have flood insurance. But, if you live in an area not included in a FEMA flood zone, then it is just up to you if you want to purchase it or not. 

However, even if your home might not be prone to flooding, you still have some risks. According to FEMA, all 50 states in the U.S. have suffered from floods, and that 20% of insurance claims come from the moderate-to-low risk areas. So, flood insurance can protect you in case your home sustains flood damage. 

 

What Is Covered In Flood Insurance

Aside from knowing the definition of flood insurance, knowing its coverage can also help you decide whether you have to buy flood insurance or not. According to FEMA, a flood insurance policy can cover damage to the structure of your home and your personal belongings. Here are some examples of what this additional protection covers;

  • Contents Coverage

Flood insurance pays out the actual cash value of the contents of your home, taking depreciation into account. It can cover damage to your clothing, furniture, curtains, electronics, and some portable appliances and important valuables like art. 

  • Property Coverage 

Flood insurance covers the physical structure of your home as well as its foundation, electrical systems, plumbing, HVAC systems, cabinets, paneling, and a detachable garage. It typically pays out based on replacement cost (the total amount it would take to repair or replace the damaged property in today's dollar) for a primary residence. The maximum coverage limit is $250,00. 

On the other hand, flood insurance does not cover everything. So, before buying, it is also necessary to know the limitations specified in your policy. Yet, this policy can cover a large amount of damage, which is better than paying the entire cost for flood restoration. 

 

Do I Need To Buy Flood Insurance For My Home?

If your home is in a high-risk area, you may need to have one. But, if your property is considered low-risk, the decision of getting flood insurance is in your hands. You should weigh your risk of flooding against the cost of your home and its contents. Make an inventory of your home, so you know the value of your home and its contents. Remember not only to consider major floods because even an inch of water can cause serious damage to your home. 

If you are thinking of purchasing flood insurance, talk to an agent so you can have a better understanding of its coverage and cost. 

 

For Professional Water Damage Restoration Services, Contact Superior Restoration!

If your home sustains damage due to flooding, contact Superior Restoration professionals immediately. We have experienced and skilled professionals ready and equipped to handle any case of flood damage restoration. We offer 24/7 emergency services. Call us today!

 

How Floods Damage A Home

How Floods Damage A Home

Everyone knows that floods can be very destructive. Not only they can pose dangers to humans, but they can also cause an ample amount of damage to a home. But floods are very unpredictable in terms of how much damage they can cause to a home.  Some may be able to survive even after losing some of their personal belongings, but others may be needing to spend thousands of dollars for repair. This article will help you understand how floods can damage a home.

How Floods Damage Your Home

Every home is at risk of flood damage, thus it is important to be aware of how a flood can damage your home and what steps you can take after a flood occurs. Here are some examples of damage your home may experience after a flood

  • Damage To Foundation and Walls

One of the most dangerous damages a flood can do to a home is foundation damage. When floodwater seeps into the soil or clay of the home’s foundation, it can cause foundation cracks which eventually weakens the structural integrity of your home. This can also result in cracked walls, ruptured pipes, and a sagging roof. Furthermore, as water seeps and deteriorates the bottom of the foundation, it may fall off and can put your house at risk of collapse.

After the flood, make sure to check if your home is still safe and livable. If doors and windows won’t open or the frames were distorted, your foundation may be dealing with some damage. Ask professionals to inspect your home before you re-enter for safety purposes. 

  • Soft and Warp Drywall

Drywall is very porous and can act like a sponge that can bring water up above flood level, affecting the other areas of your home. When it is wet, it weakens walls and probably even ceiling. Consequently, exposure to too much moisture can lead to mold and mildew growth on your ceiling. Furthermore, it can also damage home insulation because of its fiber that naturally absorbs moisture. If the drywall is already moldy and soft, you may need to replace it. 

  • Contaminated Furniture

Another serious damage a flood can do to your home is contaminating the contents. Floodwater which belongs to category 3 water damage is grossly contaminated and contains chemical toxins, sewage, bacteria, and mud. This is because floods often cause disruption to the sewage systems and other repositories for toxic wastes and chemical spillage.

Although porous materials in your home like rugs and carpets, upholstered furniture, mattresses, and vinyl flooring, may dry out, the contaminants that remain in those materials can pose health risks to you and your family. Thus, professionals suggest disposal of these porous materials especially if they have been wet for a longer time. Items that are made of glass, plastic, hardwood, concrete, and metal can be used again with a thorough cleaning, disinfection, and drying. 

  • Damage To Flooring

In most cases, carpets and carpet padding that have been wet may need to be discarded. They are usually porous and when too saturated, can be difficult to handle. On the other hand, hardwood flooring and tile may be salvaged with thorough cleaning and disinfection. However, it is best to remove both types of flooring to disinfect and air out subflooring. 

  • Damage To Home Appliances and Electrical Systems

 As you know, electricity and water do not mix. Thus, electrical components such as wirings, circuits, fuse boxes outlets, and switches, and even computers and electric heaters can easily get damaged when wet or were underwater. Replace these items if necessary.  

Furthermore, appliances such as oven and refrigerator can also suffer damage because the insulation of both appliances can absorb water and become contaminated. Your washer, microwave, and dryer can be salvaged, but before using them, hire a professional to service them.

  • Mold Growth

After a flood, excess moisture and standing water can contribute to mold infestation in your home, which can put your health at risk. Mold growth is especially dangerous for people who have breathing difficulties or allergies. 

Mold can appear within 24 to 48 hours after a flood, thus it is very crucial to take quick actions and prevent them from causing additional damage to your property.

When floodwater submerged and there is no excess water or moisture, make sure to clean and disinfect the affected surfaces. Clean surfaces using the bleach solution and allow the area to completely dry. 

What To Do If Your Home Suffers Flood Damage

If you had to evacuate your home, never return until the authorities deemed it safe to enter. Be very cautious and observant of your property. Never stand in water as it can cause electrocution. 

As you inspect your home, make a record of evidence of the damage brought by a flood. Take photos and videos of all the damaged contents. Make sure to contact your insurance provider immediately to inform them of the current condition of your home. 

Professional Water Damage Restoration by Superior Restoration Company

If your home suffers from damage due to a flood, contact a professional water restoration company immediately. We, at Superior Restoration, offer excellent cleanup and restoration services. Our team utilizes quality tools and equipment necessary for restoring flood-damaged homes. We work diligently to ensure that your home is back to its original state. Get in touch with us today