Floods Can Happen Anywhere
One of the biggest misconceptions about floods is that they only affect high-risk flood zones. In reality, about 20% of recorded flood losses occur in low-risk areas! This means that homes and businesses that aren’t in designated flood zones can still be at risk. Heavy rain, hurricanes, and even unexpected storms can lead to flooding, and anyone can be affected. For example, areas that usually have dry ground can become rivers in a matter of hours during a storm.
Home Insurance and Property Insurance Isn’t Enough
Many people believe that their homeowners, renters, or commercial property insurance will cover damage from floods. However, that’s usually not the case. Most standard insurance policies don’t include flood damage. If your home or business is damaged by floodwaters, you might be left to pay for repairs out of your own pocket. This can be a huge financial burden, especially after a major storm. That’s why having a separate flood insurance policy is so important.
Protecting Your Property
Getting flood insurance can help protect you from the unexpected. It covers damages caused by flooding, which can include everything from waterlogged floors to ruined appliances. If you live in a high-risk area, flood insurance is often required, but it’s also wise for those in low-risk zones to consider it. The peace of mind knowing that you’re covered can make a big difference during storm season.
Conclusion
In North Carolina, the risk of flooding is real, no matter where you live. Don’t wait until it’s too late. Call us at Leavitt Elite Insurance Advisors, and we’d be happy to talk you through your options when it comes to Flood Insurance. Protect your home and belongings, and make sure you’re prepared for whatever Mother Nature might bring your way!
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