It’s important to know that most all homeowners insurance policies do not cover flood damage. In order to be covered, you must get additional coverage specifically for a flood. Flood policies can also reimburse you for any work that you do to protect your home during a flood, such as using sandbags around your home and assets, if you move furniture and/or other debris.
It’s also important to review the Federal Emergency Management Agency’s (FEMA) maps when it comes to flood insurance. If these maps show your house resides in a 100-year flood plan, you also must buy federal flood insurance in order to get a mortgage. So, if you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional. Your team at Flatlands Jessup can help and determine your needs. Call us today!