Common Situations Covered By Flood Insurance

It’s not uncommon for individuals to suffer water damage during a flood only to learn that their home insurance policy doesn’t cover flood damage. With extreme weather events becoming more prevalent across the country, more and more homes are being affected by flood waters. Those living in areas historically considered moderate- to low-risk now make up more than 20% of claims that the Federal Emergency Management Agency (FEMA) handles each year.

As such, it’s crucial that you understand the full extent of the risks in the Greensboro, NC area and plan accordingly. One of the best ways to do this is to purchase a flood insurance policy.

What Flood Insurance Covers

In the most basic sense, flood insurance covers water damage to your home and belongings. Though some areas are more susceptible to flooding, a flood can technically happen anywhere there is an excess of water on land that is typically dry. Flood insurance covers damage to the structure of your home and the contents inside in situations where 

  • A body of water overflows its banks
  • Rain accumulates faster than it can drain
  • A hurricane produces a storm surge
  • Heavy rain causes a mudslide

It’s essential to keep in mind that while flood damage is not covered by most home insurance policies, some types of water damage are covered. This includes burst pipes and leaking appliances, both of which are typically not covered under flood insurance.

Ensure You’re Protected With Help From the Community Management Insurance Group

Residents of the Greensboro, NC area must be aware of their property’s flood risk. Luckily, the team at the Community Management Insurance Group has the information you need to find the right flood insurance policy for you. To learn more and receive a quote, contact us today.