As a homeowner, it’s important to protect all aspects of your home, especially if you live in a region where you’re at a higher risk for floods. Flood insurance and home insurance serve different purposes, and one does not replace the other. Understanding how flood insurance is different than home insurance can help you determine if you require a separate policy to protect your home when you need it most. If you’re located in or near Covington, LA, the Soto Insurance Agency is here to help you find a flood insurance policy that is right for you.
What Home Insurance Covers
Standard home insurance policies protect against fire, smoke, windstorms, hail, theft, vandalism, and even burst pipes or accidental water damage. However, traditional home insurance policies do not protect against major floods.
What Flood Insurance Covers
If you’re a homeowner in a high-risk area, flood insurance is designed to cover damage caused by rising water, including:
- Storm surges
- Heavy rainfall accumulation
- Overflowing lakes and/or rivers
- Rapid surface water flooding
Flood insurance typically covers structural components (foundation, walls, and electrical systems), in addition to essential appliances. Limited personal property coverage may also be included, depending on the policy type you select. In most instances, flood policies are purchased and provided by the National Flood Insurance Program, or NFIP, for homeowners who are currently in LA.
Flooding can happen at any time, especially if you live in a high-risk area. If you do not currently have a flood insurance policy, but you’re a homeowner, it may be time to consider your options. If you’re interested in learning more about flood insurance policies and how they can help you better manage your property and investment, the Soto Insurance Agency can help. For your quote and consultation in or near Covington, LA, contact us today.
