Many home buyers make the mistake of refusing to obtain flood coverage
Cleveland OH (PRWEB) January 20, 2012
RestorationLocal.com, one of the leading water restoration service providers in the country, is advising home buyers of the need to properly determine the flood threat that may affect the property they are considering. This can be done through research, inspection of the property, as well as examining information available through public records.
The property may be examined for signs of previous flooding events. Water lines may be evident in the basement, a clear indicator that water has come in at some point in the past, as well as the level that the water reached.
The local emergency management office will also have flood records, namely the dates, locations, and severity of previous flood events. Collating data from past floods is an excellent way of determining what may happen in the future, how often it may occur, and how much water may be involved when it does.
It is also important to remember that flooding is not covered by most homeowners’ insurance policies. However, it may be purchased for an additional premium. Some communities also participate in the National Flood Insurance Program, a federal project designed to provide flood insurance coverage for flood prone areas, as well as working with those communities to make sure their FEMA standards are properly maintained.
Many home buyers make the mistake of refusing to obtain flood coverage, believing that any damage incurred will be covered through Federal disaster relief funds. While this may be true, it will only happen if a state of disaster is declared, and the help then comes only in the form of low interest loans that must be paid back, along with any mortgage that is due.
In the event that a flood does occur, it is also important to have the contact information for a local, certified, water damage restoration company. RestorationLocal.com is based in Cleveland OH, with service providers in almost every state. They are available 24 hours, with a full range of water restoration services, and all work is guaranteed.
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