In an age where anything can happen, preparing for the unprecedented is always best. One of the best ways to protect your home and your family is through flood insurance coverage, but most people overlook its significance. People go through disasters without knowing why such insurance policies are important, even after disaster strikes. People aware of flood risks also believe that the policy is insignificant, but changing times say otherwise.
Property homeowners who have believed the same thing now suffer through major financial losses, mostly due to misinformation and misconceptions. Before writing flood insurance policies off your priority list, here are the three most infamous myths about flood insurance—save yourself from a disastrous fate and read on:
Myth #1: You only need flood insurance if you live in a flood zone
The changing seasons makes every single property in a flood zone, and there’s always the risk of a flood damaging your home. Even if you’re currently residing in an area of low to moderate risk for flooding, bear in mind that your home is always at risk for flooding.
Torrential rain can easily seep into your home, forcing you to deal with flooded basements. That said, keep your home safe by purchasing flood insurance. Disaster is always just waiting around the corner, even in a non-high-risk flood zone.
Myth #2: You must wait until the rainy season to purchase your flood insurance
Unfortunately, most people only think about the importance of something when it’s too late. The same applies to flood insurance policies—most homeowners only think about flood insurance policies when torrential rain becomes menacing, with waters rising to enter their homes.
Don’t wait until the last minute to purchase a policy, especially if you’ve enjoyed hot summer days just fixing your home up. Bear in mind that flood insurance policies come with a 30-day waiting period—even with policy insurance at hand, if the flood comes within the duration, you risk losing your property to extensive damages.
Myth #3: Flood maps stay the same
Flood maps exist to help people understand and become more aware of flood risks. It shows a neighborhood’s risk of flooding, along with a specific property’s risk of suffering through a flood. Unfortunately, these maps change over time. Communities grow and expand, which then makes flood maps unreliable.
The more green space is reduced, the more buildings are built. And the more buildings are built, the less functional drainage can become. Additional cement and asphalt can compromise flood maps, so it’s always best to stay safe with a flood insurance policy.
Getting Flood Insurance in Florida
When it comes to dealing with disasters, knowledge and preparation are key to ensuring safety and recovery. Potential floods also call for quick decision making and evacuation knowledge, but nothing can prepare you for flood damage. By understanding how flood insurance works, however, you allow you and your family to be prepared in more ways than one. Not having flood insurance coverage places you at great risk for tremendous loss, especially when it comes to losing your personal property.
To learn more about flood insurance costs, Quesurance is ready to help. We are an insurance agency serving Hopatcong and surrounding New Jersey areas, supplying locals with proper knowledge and the chance to protect themselves against disasters. We protect our clients like family—reach out to us today to learn more.
