Many people don’t think about flood insurance until their homes are affected. Like most states, Georgia is at risk of floods and flash flooding. As a homeowner, it’s your responsibility to assess your flood risk and buy insurance before it’s too late. Here at Toney Insurance Services in Snellville, GA, we provide you with facts to make an informed choice. This post covers everything you need to know about flood insurance.
Flood insurance covers your home by repairing or replacing items or areas damaged by floodwater. It’s critical to note that a burst pipe that leads to water damage in your home is not flooding. Floods can be caused by melting snow, prolonged rain, blocked drainage systems, overflowing dams, or coastal storm surges.
Flood insurance is not your typical policy. This insurance policy doesn’t cover you or your loved ones, but the foundation, walls, and personal property. It also covers damage caused explicitly by floods, not water. Georgia insurance companies will assess your home’s risk level and a high-risk, medium, or low-risk to determine how much you’ll pay.
However, we recommend carrying insurance even if you live in a low-risk area, as floods can be unpredictable. If you live in a high-risk flood area, ensure that your policy is up to date. If you don’t have one, buy it as soon as possible. Remember, flood insurance has a 30-day waiting period; you must wait until 30 days are over to file a flood insurance claim.
The coverage is the same regardless of where you buy your flood insurance. They include:
Do you need to buy flood insurance soon? Toney Insurance Services can help you through the process. Stop by our Snellville, GA offices, and we will be happy to help.
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