Homeowners insurance or residential insurance does not cover the losses caused by flood? To protect and safeguard your home, you should purchase a separate flood insurance policy. Homeowner’s should weigh the catastrophic risk and damage caused by a flood with the peace of mind insurance can bring.
Flood insurance policies can repair your damage as well as reimburse you for the prevention methods you and your family apply, such as sandbagging, relocation of furniture and removing obstacles for proper draining.
If your home is located in a 100-year flood plain, you are required to obtain federal flood insurance for your mortgage. You can view the Federal Emergency Management Agency’s (FEMA) maps to find out this information. On the other hand, if you are someone who resides outside a high risk zone, or if you don’t have mortgage; then flood insurance becomes optional.