Fire and flood insurance are two of the additional ways you can protect your home from disasters. You have some fire and flood coverage with your homeowner's insurance. However, there are certain situations only covered under this policy. For example, flooding coverage only applies to accidental floods, such as leaky appliances or pipes.
In the event of a fire, homeowners insurance protects your home and belongings against smoke and fire damage. However, you may need additional fire insurance if you live in an area prone to forest fires, such as Washington or California. Not only will fire insurance cover repairs to your home and valuables. It can also cover additional living expenses, food, and pet boarding if needed.
Why is fire and flood insurance so important? Damages by both flooding and fire can range in the thousands, so if you live in an area prone to flooding or forest fires, it's essential to have additional coverage, as your regular home insurance will not cover these expenses. For some instances, such as areas at high risk for floods, flood insurance is mandatory. Mortgage companies will not release a loan unless you provide proof of flood insurance.
For more information on fire and flood insurance, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.