Real Estate News

Can You Get Last Minute Flood Insurance for Your Home?

Written By: Ramy Ramon
Tuesday, March 05, 2019

In most cases, there is a 30-day waiting period before flood insurance takes effect and you typically cannot buy insurance while a loss is taking place, so if flooding begins the day before your policy goes into effect, you may not be covered.

A home is often the most valuable purchase youll make in your lifetime, which is why you want to ensure it is always protected from any potential causes of damage, including floods. To ensure you keep your property covered with adequate insurance policies, note some detailed information about homeowners insurance, flood insurance, water damage repair and mold remediation services, and how to protect your property from damage.

Can You Get Flood Insurance for a Home?

Note some very vital information every homeowner should understand about flood insurance coverage and their homeowners insurance policy:

bull; Flood insurance is not typically part of a standard homeowners insurance policy. You must purchase this coverage separately from your standard policy.
bull; Flood insurance and water damage repair coverage are two separate types of policies; as said, flood insurance covers damage caused by natural disasters, whereas water damage remediation refers to damage caused by plumbing leaks or burst pipes, broken aquariums, broken windows that allow in rainwater, and other such disasters.
bull; You dont need to purchase flood insurance from the government to be reimbursed after a declared disaster has damaged your property.
bull; If you purchase flood insurance as part of your new mortgage policy, including a mortgage refinancing, you typically wont face a thirty-day waiting period for coverage.
bull; If your property is rezoned as a flood area within the first year of purchasing flood insurance, you typically do not need to wait thirty days for coverage to begin.
bull; Flood insurance is typically available and sometimes required for properties in high-risk areas such as or designated flood zones. Areas near the coast such are seen to be more risky, especially ones that are in hurricane areas.nbsp;Water Damage in Atlanta, GA is a perfect example of this because of the flooding caused by nearby hurricanes. Even if not needed, its often recommended to add some flood coverage to your homeowners insurance policy as heavy storms and broken dams or other barriers can cause flooding in virtually any area of the United States

What Is Covered By Flood Insurance?

Its vital to understand that every insurance policy is different, so you need to read your particular policy carefully and ask questions of your insurance agent before signing anything, but note that flood insurance typically covers the following for homeowners:

bull; The building itself, including its foundation and basement or crawlspace
bull; Electrical systems and wiring
bull; Plumbing systems and fixtures
bull; The built-in HVAC system, meaning a central air conditioner and furnace
bull; The water heater
bull; Large kitchen appliances refrigerator, stove, built-in dishwasher
bull; Permanently installed carpeting excluding area rugs
bull; Permanently installed or built-in shelving, bookcases, and paneling

Your policy might cover debris removal and a certain percent of damage to a detached garage. Ask your agent about coverage for these additional items, if needed, and any limitations on the amount you would be reimbursed.

Does Flood Insurance Cover Personal Belongings?

Personal belongings and items like small appliances might be covered by flood insurance, although there are typically more limitations on this coverage than on your home itself. Ask your agent about your coverage if you need to include any of the following items in your flood insurance policy:

bull; Clothes, shoes, and accessories
bull; Furniture
bull; Electronics, including computers
bull; Curtains and blinds
bull; Window air conditioners and portable units, space heaters
bull; Small kitchen appliances, including microwave ovens and portable dishwashers
bull; Area rugs
bull; Washers and dryers
bull; Stand-alone freezers, including foodstuffs in the freezer
bull; Artwork, furs, antiques, fine jewelry, and other items with high value

What Isnt Covered By Flood Insurance

Flood insurance isnt enti>

bull; Paper currency and valuable papers such as stocks and bearer bonds
bull; Precious metals and jewels
bull; Objects outside the insured building, including landscaping, septic tanks, and fences
bull; Damage to vehicles including motorcycles, an ATV, and trailer

Your flood insurance policy also typically does not cover expenses for temporary housing or loss of income due to business interruption or because a homeowner needs to miss work and repair their property.

Do You Need Water Damage and Repair?

Water damage and repair is vital after any flood, no matter its severity. Even small amounts of water are easily absorbed by wall studs and floorboards, softening those materials and increasing the risk of chips, cracks, and other damage. Excess moisture trapped under carpet padding often leads to bothersome mildew that an everyday household vacuum cleaner cannot extract.

Professional water damage repair services will remove all trapped floodwaters as well as excess moisture from the air, ensuring that your homes carpeting and building materials are dried thoroughly and protected from damage. Mold remediation services also protect your home from potential mold growth after floodwaters have receded.


Will the government cover the cost of repairs if a flood is declared a "disaster zone"?

When the government declares a location a disaster zone, they typically allocate more funds for infrastructure repairs and may have funds available for homeowners to borrow. However, ra>

Can you get last minute flood insurance for your car?

Most insurance companies wont sell last-minute flood insurance if your area is under a storm watch. However, if your area is not yet under a storm watch, you might be able to purchase comprehensive vehicle coverage that includes flood damage.

Ramy Ramon is the owner of 24/7 Water Damage Atlanta, a family owned and local business who provides round the clock emergency protection for his friends neighbors and Atlanta residents. His company is ready for any storm, flood or hurricane to help deal with all the water damage cleanup, any fire damage and all the mold remediation for those that do not get services soon enough.

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