Flood Insurance In Ohio
It is surprising to learn that about 90% of all natural disasters in the United Stated usually involve flooding and flood damage that often strikes low and moderate risk areas. What is more surprising is that many homeowners do not have flood coverage.
While hurricanes are the top cause of floods, there are other causes of floods including storms, early snow melts, and rising rivers among others. In light of this risk, it is important that you protect yourself from the losses that accompany flooding.
Before you can get the right policy, here are some facts that you should know about flood insurance.
Renters and homeowners insurance policies do not cover flood. You have to get a different, special insurance policy that covers flood-related losses and damages.
Your flood insurance will cover physical losses that are directly related to floods and other flood-related erosion caused by waves of water that exceeds 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.
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 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.
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 you are looking for the best flood insurance policy, contact Insura Insurance Agency today or stop by our office in Reynoldsburg, Ohio.