Flood Insurance In Ohio
You may be surprised to discover that 90 percent of all natural disasters in the United States usually involve flooding. Additionally, flood damage often strikes low and moderate risk areas. Despite the risk that flooding can represent, many renters and homeowners do not have flood coverage.
While hurricanes are a common cause of floods, there are other causes to be aware of. Other causes of floods include storms, early snow melts, and rising rivers. Even if you do not live in an area at risk of a hurricane, you may still experience a flood. In light of this risk, it is important that you protect yourself from the losses that accompany flooding. In Ohio, the best way to protect yourself from flooding is to get Ohio Flood Insurance.
To ensure that you receive the best policy for your needs, it’s important to understand what flood insurance can do for you. Keep reading to learn more about flood insurance coverage, the cost of flood insurance and how to find the right policy.
Do I Need Ohio Flood Insurance?
The first step to finding the right insurance policy is to determine your needs. With flood insurance, you may wonder if you need it.
Consider the area you live in. Is it known for flooding? Even if it isn’t, there are resources you can use to check your flood risk. For example, FEMA has numerous flood maps that you can use to see the risk of flooding in your area.
Another way to learn how flood insurance can benefit you would be to consult with Ohio flood insurance experts like Insura. By working with Insura, you can see how flood insurance can protect you and receive a policy tailored to your needs.
What Does Insura’s Ohio Flood Insurance Cover?
A common belief is that you don’t need an additional insurance policy by having renters or homeowners insurance. However, many renters and homeowners insurance policies do not cover flood damage. Thus, it is necessary to obtain a specific insurance policy that covers these flood-related losses and damages. This is known as flood insurance.
Your flood insurance will cover physical losses directly related to floods and other flood-related erosion caused by waves of water that exceed the anticipated level, which is at times accompanied by severe storms or any other situation that might result in flooding.
The coverage for the home structure and the contents in the home are all sold separately. For the building structure, only the replacement cost is covered. The coverage for personal property is available on a cash value basis.
How Much is Flood Insurance in Ohio?
There is a common myth among homeowners that there is no need to pay for flood insurance if your home is in a low-risk flood zone. The truth is that even if your area is low risk, there is a chance of flooding because flooding can occur anywhere, even in Ohio! The only difference is that if your home is in a low-risk area, you will pay lower premiums compared to those in a high-risk area. Other factors that can impact the cost of your flood insurance in Ohio is additional coverage or excess coverage. Typically, excess coverage is used when rebuilding a property that is valued above the National Flood Insurance Program’s limits. If you feel that you might need excess coverage, the team at Insura can help you find a fitting policy.
In the end, getting a flood insurance policy is the best way to protect your valued assets from damage and loss caused by a flood. If you are in Ohio and are looking for the best flood insurance policy, contact Insura Insurance Agency at 614-500-4147 or stop by our office in Reynoldsburg, Ohio.