Flood insurance myths are out there. Don’t let these misconceptions and rumors stop you from obtaining the insurance protection that can help you financially recover after a flood. Read below to learn some of the most common myths about flood insurance orlando fl and call a professional to learn more.
Myth One: Home Insurance Covers Flooding
This is one of the most common myths out there and one that costs homeowners dearly. Almost all homeowners insurance policies exclude flood protection from their coverage and instead sell the policy separately. So, don’t think that your home insurance covers flooding and be left in a downstream battle.
Myth Two: Flood Insurance is Expensive
Every insurance agency places their own costs on a policy, with factors like your Orlando address affecting the cost. It is best to compare policies with a few companies before choosing the name that you will insure with to get the best price for the coverage that you want and need.
Myth Three: Flood Damage is Minimal; I Don’t Need Insurance
This is a big myth The truth is just a few inches of water can cause thousands of dollars’ worth of damage to a home, from the floors to the walls to the home’s foundation. The low cost of a flood insurance policy makes the coverage very much worth the purchase.
Myth Four: Only People in SFHA areas Can Buy Flood Insurance
People who live in special flood hazard areas of Orlando are required to carry flood insurance at all times. However, anyone that wants the added protection can buy a policy -and should. Flooding can occur anywhere, at any time. It is better to be safe than to be sorry later down the line.
Don’t always believe the things that you hear, especially when it concerns flood insurance. The four myths above are among the most common myths that are out there but with the truth, you can stay protected!Read More →