Many people assume that flood insurance is only necessary for homes located in high-risk flood zones. However, floods can occur anywhere, and a significant number of flood claims come from properties outside designated flood zones. At The Merhar Agency LLC in Willoughby, OH, we have witnessed how unexpected flooding can affect homeowners who never thought they would need this coverage. Let’s discuss why flood insurance is a wise investment, regardless of your location.
Floods Don’t Respect Boundaries
Just because your home isn’t located in a flood zone doesn’t mean it’s immune to rising waters. Factors such as heavy rains, rapid snowmelt, and even new construction in your area can create conditions conducive to flooding. According to FEMA, over 20% of flood claims come from areas considered to be of low or moderate risk. Without flood insurance, you could be left to cover the repair costs out of pocket, resulting in a significant financial burden.
Homeowners Insurance Doesn’t Cover Flood Damage
A common misconception about home insurance is that it covers all types of water damage. Unfortunately, most standard policies specifically exclude flood damage. If a flood damages your home, you could be left without the necessary coverage to rebuild and recover. Flood insurance fills this gap, providing peace of mind regardless of where you live.
Secure Your Investment
Flood insurance is more affordable than you might think, especially if you live outside a high-risk area. At The Merhar Agency LLC in Willoughby, OH, we can help you explore your options and find the right coverage for your needs. Don’t wait until it’s too late—contact us today and let us help you protect your home against the unexpected.
