Stop Believing These Common Misconceptions About Flood Insurance!

Common Misconceptions about Flood Insurance

It’s time to clear up these flood insurance misconceptions. 

While the majority of homeowners have protected their home against a lot of its risks with a homeowners insurance policy, there’s one significant exposure 87 percent of homeowners have left uncovered. So you don’t become part of the majority that could be left facing major—and majorly expensive—damages to your home, we want to clear up these common misconceptions about flood insurance.

My homeowners insurance covers flooding.

All too many people think that their homeowners policy offers flood coverage, when it fact these types of policies generally explicitly exclude flood protection. If you want to insure your home against flooding, you need a separate flood insurance policy.

I don’t live in an area that floods a lot so I don’t need it.

You may think that only people who live on flood plains need flood insurance. In fact, though, all 50 states, even those inland without significant rivers or lakes, have experienced flooding or flash flooding in the last five years! Considering Murrieta’s proximity to the coast, it’s a good idea for every homeowner to carry flood insurance.

I can just wait to get it until a storm comes.

You may think that since the only thing that would bring flooding to your home would be a major storm system, you can just wait until your meteorologist warns of one approaching to get coverage. The problem is that flood insurance policies have a 30-day waiting period before they take effect, so delaying in purchasing protection would leave your home exposed!

Now that you know more about flood insurance, it’s time to contact ISU Insurance Services – Cormarc Tasman to actually get the policy your home needs. Experts are predicting an intense El Niño for Murrieta and the surrounding California cities, so it’s important that you don’t wait to get coverage!