Flood insurance is a tricky subject to understand. Many homeowners insurance policies do not offer flood coverage.
You must often buy flood insurance as an addition to a homeowners insurance policy. If your home floods, you will likely need flood insurance to cover the replacement and repair costs.
However, flood insurance does have exemptions in areas of your home that it covers.
Take, for example, your basement. An insurance company may limit how much damage it covers if your basement floods. It may not cover your basement at all.
Therefore, if your basement floods, you might be stuck with a high repair bill. There are steps that you can take to lower the risk of your basement flooding.
- Have foundation cracks repaired. If a basement has broken seals, it may flood.
- Keep your gutters clean. This will prevent water from pouring onto the foundation of a house and entering the basement.
- Extend your gutter downspouts. You can often find extenders in your local stores. You can extend the downspout further into your yard by a few inches or feet. This will help water run into your yard and not into the foundation of the basement.
- Inspect your sewers and septic tanks. If these systems clog, they can cause basements to flood.
- Seal your basement windows, and make sure they do not leak.
Homeowners insurance and flood insurance combined may not cover your basement. Even if you have coverage, you should take steps to ensure that your basement is at a low risk for floods.
You should check with your insurance company to see how your policy covers your basement.
If you have questions about whether your basement has flood insurance, call Salzberg Insurance Agency today at (877) 757-6081.