Extreme storms this May have resulted in ongoing flooding in Texas and Oklahoma, and a recent report suggests that many homeowners are uninsured for flood damages. This could mean that a huge amount of the destruction caused by these waters could go uncompensated or even unrepaired, and some families could be left with a seemingly impossible financial burden from the disaster. Unfortunately, for the victims of these floods, it is too late to get insurance coverage for the losses sustained in the current bout of flooding. As grim as it may be for families facing total losses of their homes or hundreds of thousands of dollars in repairs, it is still an important reminder for homeowners to always be prepared and informed about their coverage.
Residential Policyholders Often Unaware That Typical Homeowner’s Policies Don’t Cover Damages From Flooding
A lot of homeowners assume that their homeowner’s policy covers floods and all kinds of other natural disasters. However, in most cases, flood insurance actually must be purchased separately from the main homeowner’s policy. When a severe flood does take place, residential policyholders can be taken by surprise—so it’s important to understand your coverage now and get prepared.
Review the policies you currently carry for your home, and make sure that risks like flood and hurricane are adequately covered. If you haven’t purchased flood insurance through the National Flood Insurance Program (NFIP), then it may be worth considering. Even areas that don’t typically flood can suffer in unusually severe storms—a fact that was illustrated so tragically in these recent Midwest storms.
Reviewing the coverage you carry can help protect you and your family in the event of high water, and it can also help you keep your coverage up to date. Life situations and properties change over time, so keeping an eye on how your current coverage suits your needs can help you avoid nasty surprises in a disaster.
Even Insured Homeowners Can Run Into Trouble With Their Flood Insurance Coverage
Not every claim is easy, especially in large areas that have been affected by a serious weather event. Even if you have adequate flood coverage, you can still run into trouble with denied, delayed, and unpaid claims during your recovery. If you need help negotiating with the insurance company or fighting an unfair denial, don’t hesitate to reach out to our experienced legal team today at 1-888-614-7730.