When you buy a new home, you may be confused by all of the homeowner’s insurance policies. Then, you have to decide if you want any extras, such as flood insurance. Though you may not want to consider it, you really should. Here are some reasons the Carminucci Agency in Croton Falls, NY recommends why you should consider getting flood insurance.
Why Do You Need Flood Insurance?
Your homeowner’s insurance won’t cover any flood damage. Though you would think that your homeowner’s insurance would cover anything, the truth is that most won’t cover flood damage. So, even if you don’t live in an area that floods, you may want to protect your home, just in case.
You may be required to get flood insurance. If you live in a flood zone, you will be required to get flood insurance from your mortgage company.
You may be waiting a while if you are waiting on federal disaster relief. Though you may think that you could get federal disaster relief money if you are involved in a flood or major storm, the truth is that there is often not enough money to go around. So, if you are eligible, you may not get as much as you think, or you may not get anything at all.
If you want to protect your home and your investment, you need to consider flood insurance. Your homeowner’s insurance isn’t going to cover the damage. You may also find out that you aren’t going to get any relief funds, even if you are involved in a huge storm.
If you want to make sure that you have enough homeowner’s insurance, with or without flood insurance, don’t hesitate to contact us today at Carminucci Agency in Croton Falls, NY.