Providing our valued clients throughout the states of Nevada, Arizona and Utah with remarkable insurance coverage that is affordable and specific to each client, the InsureWise LLC Team, is readily available to assist you. As an independent insurance broker, InsureWise LLC works directly for you instead of an insurance company. One of the many ways we can assist protect your interests is by helping you find the best flood insurance to help you protect your home and give you peace of mind.
What is the Purpose of Flood Insurance?
In order to help cover physical damage to your home and belongings from floods or related losses from rising water, obtaining flood insurance is a smart choice for every homeowner. You need protection from the financial burden’s floods can cause. Consider for a moment that just one inch of water in a home can cost more than $25,000 in damage! Flood insurance can help make the recovery process quicker, easier and less costly instead of paying out of pocket or taking out loans to cover the expenses to restore your home and make it livable again.
Types of Flood Insurance
Generally, there are two types of flood insurance that should be purchased; Building Property and Personal Property. These insurance coverages help protect you from a variety of flood-related damages.
Building property coverage – covers the physical structure of your home or non-resident property, including electrical and plumbing systems, window blinds, refrigerators, and more.
Personal property or contents coverage – covers the personal items inside your home, like clothing, furniture, microwaves and televisions, at their value at the time of loss.
Generally, Building Property and Personal Property policies do not cover damage that can be avoided by homeowners by moisture, mildew or mold; types of currency such as precious metals and valuable papers like stock certificates; fences, trees, swimming pools and other property and belongings outside of a building; living expenses such as temporary housing when it comes to flood damage.
It is important for every homeowner to obtain building property flood insurance, and no matter whether you rent or own, contents coverage is highly recommended; especially if you live in a floodplain or zone. Call Insurewise LLC to help you navigate the waters of flood insurance today!