Flood insurance is an essential product if you want to protect your investments in your Pittsburgh, PA home. That’s why Stalwart Insurance is here to offer you flood insurance to meet your needs.
The following are three mistakes to avoid when you purchase flood insurance for your property.
Thinking your homeowner’s insurance policy covers flood damage.
A standard homeowner’s insurance policy will not cover you for flood damage. While standard home insurance may cover damage resulting from other types of natural disasters, you need to purchase flood insurance separately or additionally to take advantage of coverage for flood damage.
Purchasing an inadequate amount of flood insurance coverage
You should have enough flood insurance to cover you for the full costs of replacing your property. Therefore, it’s important to evaluate your property and find out how much it would cost to replace it in the event of a total loss. This way, you’ll know how much coverage you need in your flood insurance policy.
Not being aware of changes in your flood zone classification over time.
Flood plain maps laying out the flood zones of particular areas can change over time. Changing patterns of precipitation and changing drainage capabilities of plots of land can alter the flood zone classification of a given property.
You need to periodically have your flood zone classification reevaluated to ensure that your flood coverage is covering the actual flood risk of your property. This way, you avoid putting yourself at risk of flood damage without adequate coverage. You also ensure that your flood insurance premiums remain appropriately priced over time for the actual risk your property faces.
Get started finding reliable flood insurance options with Stalwart Insurance. Contact us with your questions and inquiries related to flood insurance coverage in Pittsburgh, PA.