Flood Insurance For Your Home

Guarding Your Home and Business Against Nature's Unpredictable Events

Flooding can strike anywhere and at any time. Many people mistakenly believe their insurance policy includes coverage for flood damage. Unfortunately, this misconception can lead to significant financial loss. Understanding and investing in a flood insurance policy is essential for comprehensive home protection.


Why Homeowners Need Flood Insurance

Flooding is among the most common and costly natural disasters. With changing climate patterns and increasing urban development, no home is completely safe from potential flood risk. Flood insurance acts as a safety net, ensuring that homeowners can rebuild and recover without facing a financial catastrophe.

What Flood Insurance Covers

Flood insurance is designed to provide protection against the devastating effects of flooding. Let's review the coverage in detail:

  • Building Property Coverage

  • Personal Contents Coverage

It's vital for homeowners to understand the coverages of their flood insurance policy to avoid surprises when making a claim.


Building Property Coverage

  • Structural Integrity

    From the foundation to the roof, the main structure of your home is covered.

  • Electrical and Plumbing Systems

    Floodwaters can wreak havoc on a home's electrical systems, circuit breakers and plumbing infrastructure. Flood insurance affords coverage for repairs and replacements for such damages

  • Built-in Appliances

    Appliances that are typically built into the home are covered.

  • HVAC Systems

    Damage to furnaces, water heaters, air conditioners and other HVAC equipment is also covered.

  • Permanent Carpeting and Paneling

    Permanent fixtures such as wall paneling and installed carpets damaged by floods can be replaced or repaired.

  • Detached Garages

    10% of the total building coverage may extend to a detached garage. However, other outbuildings would require a separate policy

Personal Contents Coverage

  • Furniture and Electronics

    Essential items such as your sofas, beds, televisions and computers are covered.

  • Clothing

    Flood-damaged clothing items can be replaced.

  • Portable Appliances

    Beyond built-in appliances like portable microwaves and washing machines are also covered.

  • Curtains and Window Treatments

    Window treatment damaged in a flood will be replaced or repaired.

  • Freezers and Food

    The policy may extend coverage for stored food and contents in your freezer.


What's Not Covered by Your Flood Insurance

While flood insurance provides essential protection, there are certain exclusions and limitations. Some key excluded losses include:

  • Damages from preventable moisture, mildew or mold.

  • Costs like temporary housing.

  • Most self-propelled vehicles and their parts.

  • Items such as trees, plants, wells, decks, patios, fences and swimming pools.

  • Financial losses from business interruption or loss of use.

  • Damages from water flow beneath the surface, like seepage or sewer backup.

  • Expenses related to legal compliance in construction, demolition or repair.

  • Flood insurance typically offers limited coverage for basements.

Discussing exclusions with your insurance agent and understanding your policy's specific terms is always recommended.

Your Next Steps

Flooding is unpredictable, but your protection against it shouldn't be. Securing your home and with flood insurance is essential to responsible homeownership. At HWP Insurance, we are dedicated to providing you with the coverage necessary to safeguard your assets.

If you have any questions or need clarity on flood insurance specifics, our seasoned experts are just a call away, ready to provide the tailored guidance that's synonymous with the HWP name.

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Frequently Asked Questions (FAQs)

  • Does flood insurance cover temporary relocations or living expenses?

    Flood insurance generally doesn't cover additional living expenses, such as temporary housing or hotel stays.

  • Is flood insurance mandatory for my home?

    Flood insurance is mandatory for homes located in designated high-risk flood zones and have a mortgage from a federally regulated or insured lender. However, your lender or your homeowners insurer may still require it, even if you’re not in a high-risk zone. Also, it’s a good idea It’s wise to consider flood insurance regardless of your location, as more than 20% of flood claims originate from properties situated outside high-risk zones.

  • How soon does flood insurance coverage begin after purchasing a policy?

    Typically, there's a 30-day waiting period from the date of purchase before your flood insurance policy goes into effect. There are some exceptions, such as when coverage is required by a lender or if a new policy is purchased during property ownership transfer.

  • How are flood insurance rates determined?

    Rates are determined by various factors including the property's location, its risk zone designation, the building’s age and characteristics, its structure and the coverage limits, deductibles and prior claims.

  • Can I purchase flood insurance even if my property has been previously flooded?

    You can still purchase flood insurance even if your home, apartment, or business has been flooded, though it might influence your premiums.

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