One of the biggest mistakes the Florida homeowners make is assuming that their homeowners’ insurance policy covers them in the event of a flood.
Not All Homeowners’ Insurance Policies Cover Floods
Even though flood conditions are widespread in Florida, most homeowners’ insurance policies will not cover flood damage. It is important to speak with your insurance agent to make sure you’re covered.
What If I Don’t Live in a Flood Zone?
The entire state of Florida is classified as a flood zone by FEMA, making flood insurance a vital investment for every homeowner in the state.
The Cost is Worth It
Flood insurance can be costly if you live in a beachfront mansion, but most homeowners can get a flood insurance policy for a more reasonable rate. In any case, the cost of insurance is worth it. You home is the most valuable asset you own, so you want to be covered if it’s washed away in a flood.
What is and isn’t Covered
When purchasing flood insurance in Orlando, FL, make sure you speak with your agent about what is and is not covered under your policy. A typically insurance policy typically covers the following:
- Building/Property Damage – This covered the structure and foundation of your home, the plumbing and electrical system, the central AC unit and heaters, and major appliances.
- Personal Property – This covers things like furniture, electronics, clothes, window AC units, small appliances, carpets, certain valuables, and