Flood insurance can be one of those difficult policies that WV homeowners struggle to understand. Everyone should recognize what their WV homeowners insurance does and does not cover, to better determine if you are in need of a separate flood policy. This type of policy is a lot to think about when considering enrolling in the The National Flood Insurance Program. This is exactly why; Partners Insurance has your answers to some of the most common flood insurance questions.

1. Does my WV homeowners insurance cover flood damage?

No! This is a common misunderstanding that many homeowners fall victim to. Most major insurance companies do not offer flood protection as part of their standard home coverage. The potentially catastrophic risks created by floods are just too costly and have the potential to raise homeowners premiums too high. The National Flood Insurance Program is the leading, more accurate resource in which homeowners can evaluate and address their flood risk.

2. Is my basement and the contents in the basement covered?

There is an option to add content coverage to a flood policy. The NFIP policies cover some items such as; furnaces, water heaters, washers and dryers, air conditioners, freezers, utility connections, and pumps are included. If you have a finished basement please check out the NFIP’s website for more details on coverage.

3. Can I qualify for flood insurance if I’m not in a high-risk flood zone?

Yes! Almost all homes are located in a participating community and almost every community participates in the program. Remember it is important you speak with an agent regarding the appropriate amount of coverage for your home and contents. There are several options to choose from, let one of our qualified agents help you choose the correct amount of coverage for your situation.

If you are in need for more information, you can contact our agency or your local FEMA office. FEMA is a “library” for information on how homeowners can prepare their homes and properties, while protecting themselves from potential natural disasters. Always make sure your emergency kit is updated and make sure you know your communities evacuation plan. You would rather be prepared for the “What if” then not prepared at all.

Want a quote on WV flood insurance? Contact Partners Insurance & Financial Services