What Are My Flood Insurance Options?

Rising waters can pose dire threats to you and your family. In addition to the risk of bodily harm, floods can inflict devastating damage to your home, property and financial interests. In some cases, you may be forced to evacuate, only to return to a damaged home and ruined belongings. These situations can be challenging to handle, especially for those who are unprepared and lack appropriate flood insurance. At Home Loan Insurance, we’re here to help you be ready.

Where Can I Get Flood Coverage?

Flood insurance is a specialized type of policy often needed by many homeowners, renters and commercial property owners. Standard home, renters and business property policies typically exclude flood-related losses, meaning you’ll need to find alternative coverage. Fortunately, you may be able to address these needs through the following means:

• The Federal Emergency Management Agency’s National Flood Insurance Program (NFIP) can help those in many areas throughout the country secure coverage. For those in over 23,000 communities in Mesa County, including Grand Junction, Colorado, NFIP policies can offer critical financial protection.

• Private insurance companies have become increasingly active in the flood insurance market in recent years. As flood mapping has become more predictable and reliable, more carriers are now offering policies, which may offer more customization and higher limits than those available through the NFIP.

What Can My Policy Cover?

Flood insurance capabilities may vary depending on your policy, carrier and unique circumstances, but typically approved claims may garner aid for the following:

• Repair and rebuild costs, such as if a flood damages a building’s foundations, walls, floors and electrical systems

• Lost or damaged personal property, such as if an insured building’s contents (e.g., furniture and electronics) are ruined or swept away by floodwater

• Cleanup expenses, such as if these natural disasters leave behind contaminated materials and other debris

How to Get Flood Insurance Near Me

Contact Home Loan Insurance in Grand Junction, Colorado, today to learn more about coverage options near you and compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.