What You Should Know About Flood Insurance
For many people in the Hickory area, it may seem unnecessary to buy flood insurance. Yet twice in the last year alone, we’ve had significant flooding events, and our team has responded to hundreds of calls. Unfortunately, the vast majority of the people impacted didn’t have flood insurance and had to pay for cleanup services out of pocket. While we encourage everyone to purchase flood insurance, there are a couple of things you need to know.
- There is a 30-day waiting period for coverage. If you’re going to buy flood insurance, we recommend you do it now. If you wait to buy it until a powerful storm is on the way, you’ll be out of luck. Flood insurance policies don’t kick into effect for 30 days after purchasing, so if you have flooding before then, you’ll still be responsible for the damages.
- You don’t need to in a designated flood zone to get flood insurance. Just because you’re not in a designated flood zone doesn’t mean you’re safe from flooding. Many of the flood calls we received in the last year were from people who didn’t live in such a zone. Excessive rainfall, structural issues, and other factors can result in unexpected flooding!
There is a lot to consider when purchasing insurance for your home, but skipping crucial coverage can be a very costly mistake. Even if you’ve never had flooding before, it’s important that you consider the risk. If your Hickory-area home does flood, however, you can call our team at SERVPRO of Catawba County West!