When it comes to insuring their most valuable asset their home, the majority of people simply recall homeowner’s coverage. However, many insurance companies exclude flood insurance from their homeowner policies. Floods can occur at any time, even in areas where rainfall is uncommon. Major storms and rapid melting snow can cause millions of dollars in damage simply from the water. You might think of flood insurance in this way, especially if you don’t live near water. However, if you avoid flood insurance, you are exposing yourself to a significant risk. The likelihood of your home flooding is greater than you think, and if you don’t have that protection in place, you may find yourself up the creek — in more ways than one. Modern homeowners’ insurance, on the other hand, frequently does not cover flood damage. Whether it’s commuting to work, running a successful business, or maintaining a home, the experts at Holbrook Insurance Center provide strong coverage safety from the most trusted providers.
Let us see some of the reasons why purchasing flood insurance is essential:
- Without flood insurance, property owners must pay the bill for damages to their home (structure) and personal belongings (contents), while renters must protect their belongings from loss (contents). There are loans available to assist people to recover, but those loans will include hobby payments.
- If you believe that the money you saved on flood insurance premiums will be enough to pay for new carpeting if your house floods, think again. Flood damage extends far beyond simply destroying the flooring and the costs associated with it can quickly spiral out of control.
You can contact our team if you live around Quincy, MA, Laconia, Weymouth, Braintree, Hingham, and Gilford areas to learn about all the flood insurance coverage that we provide. We are available 24×7, so feel free to call us at any hour.
