How Flood Insurance Works for You in California

Flooding is one of the most common and costly natural disasters in the United States. It can happen at any time of year, anywhere in the country. Even a few inches of water can cause thousands of dollars in damage to your home and belongings. In California we have seen unprecedented rains this past year and it could be another wet one this year. Flood insurance is a type of insurance that protects your home and belongings from flood damage. It is purchased separately from your homeowner’s insurance policy. California homeowner insurance policies do not cover flooding from rising waters.

If you live in an area that is at risk of flooding, it is important to have flood insurance. Even if you think you are not at risk, it is a good idea to check your flood zone. You may be surprised to learn that your home is in a flood zone.

Flood insurance covers the following, should you ever find yourself needing it:
Damage to your homes structure and foundation
Damage to your personal belongings, such as furniture, appliances, and clothing
Loss of use of your home while it is being repaired

Flood insurance does not cover:
Damage caused by other types of water damage, such as burst pipes or sewer backups
Damage to outdoor property, such as landscaping, fences, and patios
Damage to vehicles

You can purchase flood insurance from a private insurance company or through the National Flood Insurance Program (NFIP). To find out if your community participates in the NFIP, you can visit the FEMA website. The cost of flood insurance varies depending on several factors, including the location of your home, the type of construction of your home, and the amount of coverage you purchase. In general, flood insurance is relatively affordable. For example, the average annual premium for an NFIP flood insurance policy is around $700 depending on your location. If your home is damaged by a flood, you should file a claim with your flood insurance company as soon as possible.

When choosing a flood insurance policy, it is important to consider the following factors:
1. The amount of coverage you need: You should purchase enough coverage to protect your home and belongings from the full cost of flood damage.

2. The deductible: The deductible is the amount of money you will have to pay out of pocket before your insurance company will start paying for repairs. Choose a deductible that you can afford to pay.

3. The insurance company: Choose a reputable insurance company with a good track record of paying claims.

Flood insurance is an important investment for homeowners in flood-prone areas. It can help you protect your home and belongings from the devastating financial consequences of a flood. Take the first steps to protect your home against floods by contacting Gary Warner Insurance Agency and seeing how we can assist you.