Many homeowners assume that traditional homeowners’ insurance covers flooding events. This is not the case. Flooding is one of the biggest exclusions that must be considered when choosing what insurance types you require for maximum protection. At Wil Plyler Insurance Agency, serving Rock Hill, SC, we help clients determine the level of home insurance required along with flood insurance protection plans for financial security and stability year-round.

Home Insurance Does Not Cover Flood Damage

Contrary to popular belief, a standard homeowners policy only covers events such as wind, hail, fire, theft, and in some cases, water damage (from a burst pipe). However, it does not cover flooding caused by heavy rainfall, overflowing lakes and/or rivers, storm surges, melting snow, blocked drainage systems, or groundwater seeping into your home. This can pose a significant risk to your home if you do not currently have flood insurance separate from your existing homeowners’ insurance policy.

Why Flood Insurance is Important

Flooding is one of the most common natural disasters experienced in the United States. Even homes in low-risk areas may require flood insurance for optimal protection. According to FEMA, more than 20% of all flood claims come from moderate to low-risk areas, meaning those who believe they are in a safe region can also experience significant flooding. Flood insurance helps pay for repairs to electrical and plumbing systems, major appliances, floors, walls, foundations, and even personal belongings lost or damaged due to a flood.

While homeowners’ insurance does not typically cover flooding, it’s possible to opt in to a separate flood insurance policy via the NFIP, or the National Flood Insurance Program via FEMA. If you’re curious about your options and currently live in or near Rock Hill, SC, we can help. For your consultation and to learn more about how flood insurance can come in handy, contact Wil Plyler Insurance Agency today.