Most homeowner's insurance and renter's insurance policies do not cover damage created by floods. If you're thinking of massive flooding disasters such as Hurricane Katrina, Hurricane Sandy, or Hurricane Irma when you hear the term "flood," you're not wrong, and flood insurance will likely provide you with a great deal of assistance in one of these situations. However, many people are unaware that flood damage can be caused by much more frequent events, such as:
For more information, visit www.FloodSmart.gov.
According to FEMA, just one inch of water in your home can cause $25,000 in damages. Want to prevent a problem before it starts? Consider installing a Water Leak Detection Device, which may also qualify you for a discount on your Homeowner's Insurance. Ready to start looking for one? Our friends at Pure compiled some information to help get you started.