Flood Damage and What It Takes To Stay Safe from Its Woes
You must have read or even heard that flood damage can reduce the value of any home by as much as 50%. While the figure may appear exaggerated, it is indeed true that flood damage can reduce the value of just about any property. That is why it always pays to take into account measures that can prevent the setback from happening in the first place. But just how do you do this?
Insure your home
It is easy to think that insuring your home against flood damage is unnecessary. It is also easy to think that flood damage cover should only be for homeowners in flood prone areas. Nothing can be far from the truth than this assumption.
First off, flood damage goes beyond inclement weather conditions. Plumbing glitches can easily cause flooding problems at home or even your office. It won’t take long before you lose your valuables. That is where an insurance company will come to your rescue. With a good cover, an underwriter will approve that the flooding risk indeed occurred and the risk attached. That means you will be taken to the position you were before the flooding occurred.
Learn more about flood damage
There are so many misconceptions about flood damage and what homeowners can do to insure their homes against it. This is of course sad because ultimately, people lose property or record loses in double digits. The best you can do to if you know little or nothing about insurance covers that cater for flood damage is to learn. This should not be a problem given that there are so many insurance companies are always willing to let homeowners know all they need to know about flood damage insurance policies. So all one needs to do is ask.
Consider preventive measures
Most insurance companies will give you an easy time once they note that a risk attached despite the measures you put in place to prevent the risk from attaching in the first place. With that in mind, have a drainage system that will collect and drain water off your home efficiently. Ensure too that your plumbing is perfect. The last thing you would want to hear as a homeowner is that you cannot be compensated after flood damage simply because your insurer is of the view that there was negligence on your part.
Establish a good rapport with your home insurer
Think of this as a relationship that involves two business partners. Once they trust each other, everything becomes seamless. So by all means establish a good rapport with your insurance company. This is as easy as paying premiums on time. There are of course, bad financial times which pretty much affect everyone. Always let your insurance agent know that you may delay with the payment for reasons you cannot avoid. Keep things open. In the long run, it will be easy for the insurance company to compensate you.
We can step in and assist you with all you need to know about flood damage insurance. It is not rocket science. Give us a call!