Flood Insurance: What is it all about?

Flood Insurance Myrtle BeachIt is a smart idea to stay safeguarded and get insurance for your family during the rainy days. When we speak about the rainy days, we do not only discuss personal health issues, car damage, and home injuries, but also issues experienced during the times of natural disasters. We are all aware how unpredictable nature is, therefore the best way to remain protected is to be insured.

In the event of a flood, one way to get your family protected is to have flood insurance available. As a homeowner, you have to be aware that this is another type insurance that you have to purchase because the standard home insurance will cover damages due to flood. Do not be confused here, because a standard home insurance does cover rainwater damage. However, if flood that enters your home is caused by rising water level from bodies of water such as lakes, rivers, and stream, then it probably will not be covered.

Myrtle Beach Insurance Services

If you are looking for flood insurance, you can go to MB Insurance Services, which also provides other insurance like auto, home, and life insurance. This type of insurance will help safeguard your valuable property and belongings.

The company’s independent agents will search the market for a flood insurance that is affordable and one that is right for you.

When should you consider getting a flood insurance?

If you’re planning to have a mortgage on a house that is positioned in a high-risk area, also called a Special Hazard Flood Area, then your bank or investment company or lender will need you to choose the flood insurance coverage before they approve your loan.

In case you want to buy the insurance plan as a precautionary strategy, then you must be sure that your community is an integral part of the national flood program. Since flooding affects every state, there is a high chance that a state and property are also qualified to receive the insurance.

What is included in a flood insurance?

Every person planning to buy a flood insurance should look carefully into the fine print and understand what they are being insured from. There are some flood insurance policies that cover the total amount required to repair the house, or the reasonable value of the house, whichever is smaller.

A number of the damages that this program covers are:

  • the property and its own structure
  • Kitchen appliance
  • electrical systems
  • plumbing
  • Garages(detached)
  • Removal of dust
  • Carpeted(permanently) floors

There are also flood insurance policies that allow coverage of personal property items such as

  • Clothing
  • Drapes
  • Furniture
  • digital equipment
  • window air conditioning units,
  • refrigerator, washer and clothes dryer.
  • Items which should be in a safety deposit box are not part of the coverage, such as jewelry, cash, stock certificates or bearer bonds.

Get in touch with MB Insurance Services today to ensure flood coverage in the most unexpected instances.

MB Insurance Services
Myrtle Beach, SC 29577