One of the biggest mistakes a homeowner can make is believing homeowners insurance is the be-all and end-all of home coverage. The reality is that homeowners insurance can be an excellent place to start, but there are limits to what it will cover. One type of natural disaster that homeowners insurance typically doesn’t cover is floods.

Unfortunately, you might not know that you don’t have flood insurance. You might even believe you don’t need it. Here’s why you do need a separate flood insurance policy, and how All Counties Insurance Agency can help.

Why Do You Have To Get a Separate Policy for Floods?

Homeowners insurance providers don’t offer flood coverage in basic homeowners policies because:

• It can be far too costly. Floods affect numerous homes, and covering the full replacement value of all of the homes affected would be a massive payout all at once. This could ultimately cause insurance companies to go out of business.
• All homeowners would have to pay much higher premiums to subsidize those in flood-prone areas.

Having a separate flood policy ensures that you’re covered for the wide range of damage a flood can do to your home. Don’t think that you can opt out of a flood insurance policy just because you haven’t encountered a flood during your time as a homeowner. If a flood does happen and your home is hit, being without coverage means having to repair everything on your own dime. 

Find Flood Insurance With All Counties Insurance Agency 

Securing a flood insurance policy is easy when you work with All Counties Insurance Agency, serving Palm Coast, FL, and surrounding areas. Compare quotes with us today!