It could be fun to splash around in the puddles in the warm summer day – the joy of not having a care in the world.
But what if the shallow pool is in your home? Fun flies out the window, and you’re left with the soggy remains of your hardwood floor.
Luckily, there’s a way to elevate the loss that comes with the destruction. But to fully utilize your insurance, you have to be aware of what flood zones require flood insurance and how you can protect yourself.
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How Does Flood Insurance Work?
Flood insurance is essential but often overlooked. It’s not part of the standard homeowner’s insurance. You will need to buy flood insurance as an addition to the existing one.
Another thing of note is that flood insurance doesn’t cover the content of the house. If the home is flooded, the coverage only extends to the structure of the building.
If you want to protect your property, you will have to gain additional coverage for the content. In short, you should invest in two separate insurance policies. That way, your property is protected from the flood damage.
But you should keep in mind that insurance is only for natural water damage.
For example, if the sewer is backed-up due to some other damage, flood insurance won’t cover it. You should consult your insurance policy on what’s your coverage in each specific case.
You can get flood insurance if your community belongs to the National Flood Insurance Program. Homeowners or renters can buy the coverage.
What Is Covered And What’s Not?
It’s essential to be aware of what is covered and what’s not. The flood insurance will cover any of the built-in or long-lasting objects. It can be kitchen appliances such as refrigerators or dishwashers.
Bookcases and cabinets are also covered. However, due to their nature, the cabinets have to be directly damaged to be paid for.
Even if the cabinets belonging to a matching set are ruined, the coverage won’t compensate for the price of a whole set.
Electrical systems, furnaces, and staircases all will be covered by flood insurance. Many of the house related items and objects will fall under the protection of the coverage. Even solar panels and other energy sources should be covered.
The content is usually the items you have inside the home. Many interior things need additional content insurance. The content insurance will cover personal belongings, smaller appliances, and even specific artwork.
Let’s look at an example. If installed a rug to cover your floor, your flood insurance will be sufficient.
In this case, the rug serves as the only floor covering. But if the mats are placed on the fully finished floor, it’ll require the content insurance. In this case, the rug is the singular interior item.
It’s best always to be aware of what is covered by what insurance. Otherwise, it can be challenging to get compensation if you apply the wrong insurance coverage to the unfit item.
However, there are cases that neither insurance covers. If your property was damaged by mold, you wouldn’t be compensated.
Insurances don’t cover outdoor objects like trees or swimming pools. If you have to stay somewhere for the duration of the flood, the insurance won’t cover the expenses either.
What Flood Zones Require Flood Insurance?
The Federal Emergency Management Agency (FEMA for short) is responsible for mapping out the flood zones in the US.
As a homeowner, it’s crucial to be aware of what flood zones require flood insurance. And FEMA marks the areas that’ll most likely suffer from floods. The organization also updates the maps according to the new weather patterns.
The zones are divided into subsections, each with its own rating. If the building is in B, C, or X zone, it’s in low to moderate risk of being flooded. Low risk indicates there’s about one perfect chance that the flood will happen in the area.
Alternatively, A zone has a high risk of being flooded. These zones have additional division according to the height the flood water can potentially reach. There’s also the data on how often the floods occurred in the area.
If the area is near the cost, it’s also considered high-risk. Buildings near the water are often marked as V. They’re insured similarly as A zone. If the building falls under the D zone, it means there’s no concrete decision about them.
FEMA can update the maps as time passes. Human-made changes can have the same influence on the zones as the weather. You should check your address in the flood maps online to know which zone your building belongs to.
Is It Worth It?
In some instances, you are required to get flood insurance. You should be aware of which flood zones need flood insurance because, in high-risk zones, you won’t get a mortgage without the insurance.
If the building is not in the high-risk area, you should still consider flood insurance. FEMA reports that about 20 perfect of claims relating to floods come from low-risk areas.
Some insurance agents may ask for an Elevation Certificate. It compares the elevation of the building to the height the flood water is estimated to reach. This most often applies to high-risk flood areas.
You may belong to a community that belongs to the Community Rating System. If so, the local officials could already have the Elevation Certificate for your building. When you belong to CRS, you could receive discounts on your insurance policy.
When you have a building in the high-risk area, you are eligible to purchase EC, which may reduce your insurance premium.
Do You Require Flood Insurance?
We hope having read this article; you now have a better answer to the question: what flood zones require flood insurance?
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