Standard homeowners insurance policies in Tulsa Oklahoma, Texas & Missouri typically do not cover damage caused by floods. Flood coverage is generally considered a separate type of insurance. Here’s what you need to know about flood insurance and how to ensure you’re protected:
- Understanding Flood Insurance - In the U.S., flood insurance is often provided through the NFIP, which is managed by FEMA. Policies through the NFIP cover damage to your home and personal belongings caused by flooding, but there are limits and specific terms to be aware of.
- Determine Your Flood Risk - FEMA provides flood zone maps to help homeowners understand their flood risk. These maps classify areas into different zones based on their risk of flooding. Knowing your zone can help you determine whether flood insurance is necessary.
- Evaluate Coverage Needs - flood insurance policies have limits on coverage for both the structure of your home and your personal property. Ensure these limits are sufficient to cover the cost of rebuilding and replacing your belongings.
- Additional Coverage - Consider whether you need additional coverage for valuable items or for living expenses if you’re displaced due to flood damage. Some policies offer options for increased coverage or additional living expenses.
Standard homeowners insurance doesn’t cover flood damage, so obtaining separate flood insurance is essential if you’re at risk of flooding. Have All American Insurance assess your Tulsa Oklahoma, Texas & Missouri flood risk, understand coverage options, and regularly review and update your insurance to ensure adequate protection for your home and belongings.