Flood Insurance Benefits

As the summer approaches, severe weather and flooding can threaten your home. If you live in an area prone to flooding, it’s important to have flood insurance. Here is a guide to choosing the right policy in Flowood, MS.

Flood Insurance Benefits 

Peace of Mind

Knowing you’re protected from financial devastation in the event of a flood can give you peace of mind. Over the past few years, the weather’s been more and more extreme, resulting in costly damage to homes. The worry of not being able to afford repairs or replacements can be overwhelming. With flood insurance, you’re covered financially.

Protection for Your Home

Your home is likely to be your most valuable asset. If it’s damaged or destroyed in a flood, this insurance can help cover the costs – which can be a lifesaver if you can’t afford it on your own. An agent with Insurance Protection Specialists can help you get the coverage you need.

Replacement Cost Coverage

Many homeowners’ insurance policies only cover the actual cash value of your home. With only this coverage, you’ll only receive the current market value of your home minus any depreciation. Flood insurance typically offers replacement cost coverage. This means you’ll receive the funds necessary to rebuild your home, regardless of its cost.

Less Out-of-Pocket Expenses

If you need to file a claim for flood damage, your out-of-pocket expenses will probably be reduced with flood insurance. Most homeowners’ insurance policies have a deductible for water damage. There’s usually no deductible with flood insurance, which can save you a lot of money if you need to file a claim.

These are just a few benefits of having flood insurance in Flowood, MS. If you’re interested in learning more, contact Insurance Protection Specialists. We’ll be happy to answer your questions and help you get the coverage you need.