Protection From Rising Waters

Flood Insurance Basics

Your house is probably the biggest investment you have ever made, which is why choosing the right homeowner’s insurance policy is so important. However, your home insurance policy is not the only insurance policy needed to protect your home and assets, since it will not provide coverage for every situation, including a flood.

The only way to ensure that your home and personal belongings are protected in case of a flood is to invest in a specific flood insurance policy. When deciding on the right policy to meet your needs, it is important to keep in mind that flood insurance policies take 30 days to kick in, so if you are waiting until the first storm to invest in a policy, it may be too late. If your flood insurance policy is still in the waiting period when a flood hits, you will be left paying for the repairs to your home out of your own pocket.

The cost of a flood insurance policy will depend on many factors. The biggest factor that is taken into consideration when choosing the right policy is where your house is located. If you live in a high risk flood area, you will be left paying more for your coverage than if you live in a low risk area. The size of your house will also help to determine your premiums. The larger your house, the more it would cost to repair it after a flood, which means that you will pay more for your policy.

When looking for the right flood insurance policy that will properly protect your home, contact the insurance professionals at The Insurance Shop in White Bear Lake, Minnesota. As an independent insurance agency, we will work with you to ensure that you have the right amount of coverage, all at the right price.