Many homeowners are just now discovering what their homeowners policies do and do not cover.
Cleveland OH (PRWEB) December 19, 2012
Restoration Local, one of the leading providers of water damage and flood restoration services in the United States, is identifying some of the more blatant flood damage myths and misinformation in the wake of some of the most damaging floods on record. Following Hurricane Sandy, many homeowners are just now discovering what their homeowners policies do and do not cover.
Fact: Most homeowners policies do not cover flooding, and additional coverage will need to be purchased in order to make sure that a home or business is adequately protected.
Fact: One in four flood claims come from areas that are best described as low risk flood zones. Flooding can happen in any part of the country, and homeowners should protect their assets.
Fact: Many communities in high risk areas participate in the National Flood Insurance Program, a federally backed system designed to provide coverage for property owners in these locations. There are avenues for securing solid coverage.
Fact: Any area can flood if conditions are right. It isn’t always the local river or stream that causes flooding. A back up sewer line or burst pipe can do plenty of damage in a short amount of time.
Fact: Flood insurance covers the structure of the home, and major items such as appliances, but not necessarily all of the contents, particularly those on lower or basement levels.
Fact: FEMA will cover flood damage, but only if the home is located in an area designated as a federal disaster, which happens in about 50% of flood cases.
Fact: Any property, be it residential or commercial, is eligible for flood coverage. This includes apartments and condominiums.
Fact: Any community that is part of the NFIP is eligible for flood insurance, even if they have been flooded out before. Residents in high risk areas should check to see if their communities are participants in this program and make arrangements for coverage. Most policies have a 30 waiting period before they become active.
Based in Cleveland OH, Restoration Local is one of the leading providers of flood damage repair and restoration in the United States, with service in 30 states and more being added every month. They are available 24/7 and all work is guaranteed.