The most typical question I get from my clients about Flood insurance is this: If my home gets damaged in a flood, am I going to be covered?
The answer is: It depends on the value of your home, level of water damage and if you actually have coverage. General homeowner’s policies don’t not provide flood coverage as part of the policy.
Let’s start by looking at what Flood Insurance is all about:
You can buy one or both. If you need more coverage, you can buy excess coverage.
In the next episode we will discuss what Flood insurance actually covers, because flood damage can be caused by variety of perils and not all of them are covered.