While you may believe yourself to be fully covered with regards to home insurance, without flood coverage, you are only leaving space for mass depletion of your liquid assets. Indeed, even though various types of insurance may cover an array of facets associated with flood damage, flood insurance, in particular, is necessary, to ensure your home is covered no matter how the flood occurs or how extensive the damage may be. That said, the following is an overview of three reasons to purchase flood insurance today.
You Live in an Area Prone to Flooding
Although many home insurance policies cover some flood damage, they often refuse to cover flood damages caused by natural disasters. If you live in an area especially prone to flooding, you need to purchase flood coverage to ensure you aren’t left holding the bag the next time sea levels start to rise.
Relatively Inexpensive Coverage
Moreover, although flooding is one of the more common issues, it is still unlikely to occur often enough to become an everyday issue. Therefore, flood coverage is typically inexpensive as, despite the commonality of small claims, the more massive claims are few and far between. Therefore, by purchasing a simple policy, you’ll be saving yourself tons of time and money later on.
No Need to Repay
Lastly, those who have never been in a major natural disaster may be unaware of the fact that the government often issues disaster-related assistance loans to those who need them. While your insurance payout will certainly not need to be repaid, if you end up accepting a disaster assistance loan, you will have to repay the loan within a specified period of time.
Overall, for those who reside in Gainesville, FL, James Harmon Insurance Agency is an excellent option. Offering awesome flood coverage packages and much more, James Harmon Insurance Agency will be more than happy to cater to your flood insurance needs. Call, email, or stop by our Gainesville, FL office today!