Category: Flood Insurance

It’s no secret that flood insurance is a vital part of protecting your home and property from the devastating effects of a natural disaster. But despite its importance, there are many myths and misconceptions about flood insurance that can lead people to make uninformed decisions about whether or not to purchase coverage. Travers Insurance in Webster Groves, MO seeks to debunk five of the most common myths about flood insurance.

5 Common Flood Insurance Myths

Myth #1: Flood Insurance Is Expensive

One of the most common myths about flood insurance is that it is too expensive to be worth purchasing. The truth is flood insurance can save you thousands of dollars in the event of a flood. The average cost of flood insurance per year is a small price to pay for the peace of mind that comes with knowing you and your property are protected.

Myth #2: My Home Is Not in A Flood Zone, So I Don’t Need Flood Insurance

Another common myth about flood insurance is that it is only necessary if your home is located in a designated flood zone. The truth is that floods can occur anywhere, and even homes outside of flood zones are at risk.

Myth #3: My Homeowners Insurance Covers Flooding

Many people believe that their homeowner’s insurance will cover damages caused by a flood. However, most standard homeowners policies exclude flood damage. That means if a flood damages your home, you will likely have to pay out of pocket to repair the damages.

Myth #4: The Government Will Help Me If A Flood damages my Home

While the government does provide some financial assistance to homeowners who suffer flood damage, this assistance is typically only available for major disasters and is often not enough to cover the full cost of repairs.

Myth #5: I Don’t Need to Worry About Flooding If I Live in An Area That Has Never Flooded Before

Just because your area has never experienced a flood does not mean it is not at risk. Flooding can occur anywhere, and even areas that have never flooded before can be at risk for future floods.

Need Flood Insurance in Webster Groves, MO?

Now that you know the truth about flood insurance, it’s important to take action and get covered. Travers Insurance is here to help you find the best policy for your needs and budget. Contact us today to get started!

 

Did you know that it’s possible to get flood insurance even if you don’t reside in a flood plain? The team here at Travers Insurance has the knowledge needed by the Webster Groves, MO community to better understand their insurance options. If you would like to find out more about the flood insurance options available, call today.

Benefits of flood insurance

When it comes to damage protection, how the damage is caused can become a focus of attention. Because of this, a policy may or may not cover a certain event. For example, flood damage is different from rain damage which is different from damage caused by leaky or burst pipes. They all may be forms of water damage, but how they are looked at by your insurance company may differ.

Because of this, it cannot be apparent to know if your policy provides the protection you need. A home owner’s policy does not typically cover flood damage, and that is the main reason why a flood insurance policy is advisable. If you live in an area prone to flooding, you may be required by your lender to have insurance. However, even if it isn’t a requirement, having a flood insurance policy is a smart idea. 

An experienced agent can help determine if a flood policy is right for you, given the location of your home. If you want to enjoy the peace of mind that comes with knowing you’re protected, meet with an agent today. 

Talk to the team at Travers.

Travers Insurance is proud to serve the insurance needs of the greater Webster Groves, MO community. We are here to answer any questions you may have about flood or any other type of insurance. Call or stop by today!