Flood Insurance in Lake Worth, FL
Standard homeowners and renters policies typically don’t cover flood damage, which can leave people facing steep repair bills after a storm or rising waters. If you live in a flood-prone area or near one, flood insurance can make a big difference.
What Does Flood Insurance Cover?
Flood insurance may cover the structure of your home and your personal belongings. However, coverage limits and details can differ based on the policy and insurance provider.
Here are a few examples of what flood insurance may cover:
- Water damage from overflowing rivers, lakes or streams
- Storm surge from hurricanes or tropical storms
- Heavy rainfall that causes surface water to enter your home
- Mudflow resulting from flooding
- Foundation, electrical and plumbing system repairs
- Replacement of appliances like washers, dryers and refrigerators
What Are Common Exclusions?
Not everything related to water damage falls under flood insurance. The following are some standard exclusions:
- Damage from sewer backups (unless directly caused by flooding)
- Moisture, mildew or mold not caused by a covered flood
- Temporary housing or living expenses during repairs
- Cars or other vehicles
- Swimming pools, decks and landscaping
Factors to Consider Before Buying Flood Insurance
Consider your location before purchasing a policy. Check FEMA flood maps or talk to your local government for guidance. Also, consider the cost of rebuilding your home and replacing your belongings. Policies often have separate deductibles for building and contents, so factor that into your budget. Most policies have a 30-day waiting period before coverage kicks in, so don’t wait for a storm warning to act.
Secure a Policy Today
Contact The Marvelous Associates Inc. today to learn more about flood insurance. Our agents are committed to helping you secure the appropriate policy.