The safety of your home structure and belongings within shouldn’t come as a second thought. While most homeowners’ insurance policies will help to cover your home in the event of natural disasters, floods are commonly left out. Flooding is the most common natural disaster, and only an inch of flooded water can create immense damage. To protect your home against dangerous flooding, homeowners can acquire a personal flood insurance policy.
Depending on your locale, you may require a different level of flood insurance than others. At JMG, we will assess your unique needs and suggest the best coverage option for you. Storms can bring along with them fear and damage. When you have the proper insurance coverage in place, you can rest easy knowing your home is protected.
What Policy Does A Homeowner Need?
Depending on the location of your home, the level of coverage may differ. Homes in different localities are subject to more storms or flooding, and thus need more coverage. So, what type of flood insurance does a homeowner need?
Personal Flood Insurance
Offering additional protection to the structure of your building and the contents within, a personal flood insurance policy is the premier option for homeowners. This policy is able to provide a sense of security and protection in the event of a flood. This type of policy is offered by for-profit companies, and they generally rely on a reinsurer or the money collected from premiums to cover losses.
Since the NFIP policy has a 30-day wait time requirement for commercial flood insurance policies, a private policy tends to have shorter waiting times for clients. This policy can be more comprehensive as well, and will often come with higher limits for the building. A private flood insurance policy will help to cover a property, whether it be commercial or residential, at its replacement cost without deducting depreciation.
Areas Of Coverage
When searching for a well-fitting flood insurance policy, it’s important to know what it actually covers. These policies commonly hold two main areas of coverage, building and contents coverage. Check out what this coverage entails:
Heavy storms can mean heavy damage. This damage has the potential to seriously harm the structural integrity of your home. When homeowners have a personal flood insurance policy in place, the building coverage of the policy helps to cover any damage done to the physical building itself. Damage done to the foundation, electrical or plumbing systems, HVAC equipment, flooring, any built-in appliances or blinds and walls. A personal policy will help to pay for the damage, and ensure the homeowner doesn’t fall to the costs.
Any items that reside within the home are protected by the contents coverage portion of a personal flood insurance policy. This coverage area helps to shield items within the home, such as clothing, furniture, electronics or portable appliances. Under the contents coverage, the homeowner will receive assistance in paying the flood damage costs.
Seek Coverage With JMG
When it comes to protection, homeowners should look no further than the JMG Insurance Agency. Our team of knowledgeable insurance agents works to provide you with the best coverage options available, protecting your home to the fullest. At JMG, our personal flood insurance policy is designed to provide clients peace of mind. We understand wanting to shield from dangerous storms, and we are happy to provide you with that. Before you get stuck in a storm, make sure you’re covered with a proper flood insurance policy.
Speak To Our Personal Flood Insurance Agents
While there’s always sunshine after storms, dangerous flooding has the potential to come along as well. Get ahead of the storm, and acquire a personal flood insurance policy to protect your home. At JMG, we offer personal this protective policy as a way to ensure security and safety to our clients. Our policy helps to cover the building and any contents within your home.