Flood insurance is one of those policies that people either don’t know much about or have misconceptions about. Here are some fun facts about flood insurance that you need to know.

Flooding is not covered by home insurance.

When people buy a house and insurance for that house, some think that their home insurance will cover everything. Unfortunately, there are some things that home insurance doesn’t cover, and that includes flooding. If you want to be protected against flooding, you need to buy separate insurance.

Flood damage is expensive.

Statistics say that even as little as an inch of water can cost several thousands of dollars worth of damage. If you are stuck without flood insurance, the damage could eat up your savings in a matter of minutes.

Flood insurance can be affordable.

Many people think that adding extra insurance is expensive, and they won’t be able to afford it. However, flood insurance only adds a few extra dollars per month to your insurance costs. It is better to have insurance and not need it than to have unexpected flood damage to pay for.

Flood insurance is available to everyone.

Contrary to popular belief, flood insurance is not just for people who live in flood zones. Even if you don’t live in an area prone to flooding, you might benefit from flood insurance. Flood insurance is recommended for anyone who has stuff that would be costly to replace in a flood.

Flood insurance takes 30 days to kick in.

It is advisable not to wait until a flood happens to get flood insurance. If you wait until the last minute, it will not cover you. Most insurance companies won’t cover flooding until 30 days have passed from when you purchased flood insurance to when the flooding occurred.

Contact Hedgepeth-Hutson Insurance Services Inc.

Please visit or contact us at Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC for your flood insurance quote today.