New Weather Patterns and Flood Insurance
Do you need flood insurance? Or are those flood insurance ads on television just a ploy by the insurance companies to get you to buy yet another insurance policy? Floods are obviously quite common in low lying areas that are surrounded by water. In these areas, not having flood insurance is downright financially suicidal in the event of a serious storm.
However, what about the homes that are not plunked right in front of a water source? Do they still need to be insured against the potential for flooding? Of course they do. As it turns out, there are many claims for flooding that come from some of the most unlikely areas. It’s not just a function of simple flooding that puts your home at risk.
First, think about what would happen to your home even if just two or three inches of water covered your floors. How much of your personal belongings touch the floor and how many electrical junctions do you have throughout your home just an inch or two off the floor? How many of these things will put your entire home at risk if there was even just a small flood in your home?
There are regions throughout the world that are now experiencing a new weather phenomenon that is causing an increase in flooding. Chronic rain can cause flooding. One serious storm can cause flooding. And of course, rising waters from small bodies of waters like ponds can cause serious flooding problems. Anyone can experience too much water that laps at their front door and eventually pushes its way in.
Floods can happen thanks to saturation of the ground just as easily as it can happen when ground water and rain water meet to cause excessive rain runoff which can lead to flooding. No matter where you live, you may very well find that you are suddenly noticing that there is an increase in water saturation after every rain.
With the potential for electrical problems, the water damage and clean up, and the damage to all of your personal possessions, flood waters can turn into a devastating event very quickly. Being left without any financial recourse poses a serious risk to protecting not just the investment that is your home, but the sanctuary that is your home.
Flood insurance is the only insurance that you can count on to cover the water damage caused by flooding. Homeowners insurance and renters insurance do not cover flooding caused by weather phenomena that cause damage to the building. It is vital that you invest in flood insurance in order to protect yourself from the financial burden that comes with heavy rains.