As a homeowner, you can’t afford to overlook critical details in your insurance coverage. Many homeowners believe a regular homeowner’s insurance policy covers flood damage. This is not usually the case, however. At Oliver Insurance, serving Canby, OR, and the surrounding area, we are here to help you better understand insurance coverage for your home. Keep reading to learn more.
Is Flood Damage Covered Under My Policy?
Not all home insurance policies provide for flood damage resulting from natural disasters. This is because flood risks vary so much from region to region in the US. It isn’t easy to create insurance policies that cover everyone similarly.
Do I Need To Add Flood Insurance?
If you are in an area of the US that experiences flood risks, you should talk to an insurance expert concerning flood insurance. This is usually an additional type of coverage that you would add to your policy.
To determine your risk for flooding, an insurance professional will sit down with you and evaluate the risk factors for the area in which you live.
What Does Natural Disaster Flooding Mean?
A natural disaster flood means flooding from something outside your home. This can include the weather, an earthquake, or flooding caused by other things. This differs from flooding, which can happen within your home due to faulty plumbing or an appliance malfunctioning.
If you would like to learn more about flooding risks and flood insurance, please contact us at Oliver Insurance, serving Canby, OR, and the surrounding areas. We will be thrilled to meet you and help you better understand your insurance options.
