Flood Insurance
If you experience a flooding emergency, flood insurance will be your go-to for covering any losses and damages to your property. Unfortunately, numerous residents within Virginia live without such protection. Below, Teagle Insurance Agency Inc. detail types of flood insurance to consider purchasing for your home.
Personal Contents Coverage
Personal contents coverage ensures that your belongings are taken care of when flooding results in damage. Examples of items that this policy covers include your furniture, clothing, and electrical equipment. In addition to this, it will also protect freezers and provide compensation for resulting damage to stored food items and portable appliances. If you have fine art and jewelry, these will likely need extra coverage for their repairs or replacements.
Building Property Coverage
Building property coverage takes care of the physical structure of your property. Examples of protected items include your foundation, cabinets, paneling, heating systems, and plumbing and electrical equipment. Detached garages will also be covered, along with built-in appliances like dishwashers.
Flood Insurance Exclusions
Like every policy, flood insurance also has its limitations. Some items that fall outside of this policy’s coverage include:
- Currency, paper valuables like stock certificates and precious metals
- Cars and any self-propelled vehicles. Protecting these will require you to have the needed coverage, with examples being auto or boat insurance.
- Outdoor property is inclusive of landscaping essentials, decks, patios, and fences. If you also have secondary water sources such as wells, these will not be covered with outdoor septic systems.
- Mold or moisture damage is precisely that which could have been avoided by proper maintenance.
- Extra living expenses result from hazards that cause your home to be uninhabitable. Such costs will often be covered by your home or condo insurance.
If you need flood insurance within Virginia to keep you safe year-round, make it a point to reach out to Teagle Insurance Agency Inc. today. Our agents will take you through various flood insurance safeguards to keep your assets safe when facing a flooding disaster.
