Most parts of Ohio are susceptible to floods. Unfortunately, some property owners don’t have flood insurance coverage due to the common belief that flood losses are covered under their renters/homeowner/condo policy. While your home insurance can cover many things, it excludes floods, so you should have a separate flood insurance policy. Read on for more details on flood insurance in Ohio and how our JPL Insurance Agency can help you.
Flood insurance is a type of policy that covers losses related to floods. If you live in an area susceptible to floods, you can get this insurance for compensation in case of:
You can acquire flood insurance from the National Flood Insurance Program or a private insurer. If you have flood insurance and incur losses and damages from floods, your insurer assesses and compensates for the loss per the policy provisions.
Flood insurance covers your property from any direct loss caused by flooding. When the unfortunate event happens, you may get compensation for the costs you incur in repairing/restoring the dwelling. The policy may include coverage for your personal belongings and mechanical equipment if you purchase that additional coverage. Flood coverage has many exclusions and maximum policy limits that may not provide for complete reimbursement for the damages incurred.
You need flood insurance if your home or property is located in a flood-prone area. At JPL Insurance Agency Inc., we advise our clients and help them decide on flood insurance according to their assets. Contact us today for more information on flood insurance and our services.
