With flooding on the rise – even in areas that do not commonly see significant water accumulation – the need for flood insurance has never been higher. Depending on where you live or the type of mortgage you have, you may be required to carry flood insurance. Contrary to popular opinion, flood insurance is not covered under your homeowner’s insurance policy, and even the smallest amount of water can cause thousands in damage.
According to FEMA, high-risk flood areas are identified on the Flood Insurance Rate Map under the label "Special Flood Hazard Area." These areas meet this threshold by having a 1% or higher chance of having a flood event that equals or exceeds the previous year. If you live in a high-risk flood area and have a mortgage, you’ll be required to carry flood insurance. Low-risk flood zones are labeled as Zone C or Zone X. Bear in mind that just because you live in a low-risk flood area, it does not mean you cannot suffer damage from a flooding incident. Consequently, the best way to protect yourself and your home are to have adequate flood insurance coverage. Furthermore, FEMA’s flood zones are not updated in real-time, so you may be looking at historical data that does not adequately reflect the current situation.
For more information on flood insurance and to purchase a policy, give Stalwart Insurance in Pittsburgh, PA a call. We’ll help determine if you are in a flood zone and illustrate flood insurance’s benefits. Give us a call today to schedule a no-obligation consultation with a member of our team.
Flood insurance is a special type of insurance that protects your property and personal belongings against flood damages. It is a separate policy from standard home insurance that usually does not cover damages caused by flooding. You can purchase flood insurance regardless of your location – flood insurance policies are available to all homeowners, even those who do not live in flood-prone areas.
What Is Covered By Flood Insurance?
Here is what is covered by flood insurance:
- Structural damage to the building. Flood insurance covers structural elements and essential equipment, including damage to the HVAC unit, plumbing and electrical systems. Here is what normally a flood insurance policy covers: the home itself and its foundation, built-in kitchen appliances (refrigerator, microwave, dishwasher, freezer), permanently installed cabinets and shelves, detached garages, etc.
- Personal belongings. Your personal stuff, including clothing, furniture, and other personal items is covered by flood insurance. However, the coverage may be limited for certain valuable items.
- Content coverage for basements. Flood insurance may cover content coverage for basements but usually, this coverage is limited.
Stalwart Insurance in Pittsburgh, PA – Your Safety Is Our Priority
You may think that you do not need flood insurance, especially if you do not live in a flood-prone area. However, this type of insurance has many benefits. If you are thinking of getting it, and you live in Pittsburgh, PA, or any other surrounding area, Stalwart Insurance is ready to help. We specialize in all types of insurance, including flood insurance. Our mission is to help our clients get insurance based on their preferences and budget. Feel free to call us if you have any questions or want to know more about the rates.
Stalwart Insurance provides coverage to the Pittsburgh, PA community. We rely on providing excellent customer service. We recognize that our clients have unique needs, so we strive to provide personalized policies. We are confident that we can help you protect what matters most.
Explaining The Difference Between Flood Insurance And Traditional Water Damage
Pittsburgh, PA is prone to heavy rainfall during seasonal changes. The aftermath of these storms is potential flooding. Flooding has the ability to cause serious damage to your property and personal items. Flood insurance protects your assets. You are covered if severe flooding damages the interior and exterior of your property, as well as your personal items. While researching coverage, keep in mind that there is a difference between flood damage and traditional water damage.
Flood damage is caused as a result of natural disasters such as hurricanes, tornados, and severe thunderstorms. These powerful storms leave a lasting impact. There may be an overflow of surface water. The rapid accumulation may cause a mudflow. All of these variables can cause a current of excess water to infiltrate your property and cause damage. You can rely on flood insurance during these situations.
You cannot use flood insurance to protect your assets if they suffer traditional water damage. Examples of traditional water damage include a busted pipe that causes damage throughout your property or a leaking toilet. You’ll have to use your home or renters insurance to cover those damages.
One key difference is that traditional water damage may only impact your property. Flood damage often originates from a natural source and impacts an entire area of land. That means your neighbors are likely to have problems as well. It’s also important that you maintain proper maintenance on your home.
Stalwart Insurance Will Help You Protect What Matters Most
Visit our website to learn more information about flood insurance
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.
Floods can be a complicated reality of living near water or in valleys, and the potential damage to your home and belongings can be devastating. Having flood insurance can help with the cost in the unfortunate case of these kinds of emergencies, but how do you know if it’s right for you and your home? Stalwart Insurance in Pittsburgh, Pennsylvania has some tips for how to find out.
Some areas are at higher risk for a flood than others. These areas are known as flood zones. There are three kinds of flood zones, which are differentiated by the risk factor for that area: Special flood hazard areas, Moderate flood hazard areas, and areas of minimal flood hazard. Knowing which area you live in, and how high your chances are of experiencing flooding, can help you determine what kind of flood insurance you need. Some areas are at such a high risk of flood that federal law requires property owners to have flood insurance for those areas, so it’s essential to understand whether your property falls in one of those locations.
What makes a flood zone?
A variety of factors can make an area high-risk for floods: heavy rains, nearby rivers which can overflow, broken dams or urban drainage basins, unexpected storm surges, and melting snow and ice. Some areas are more at risk than others because of these factors. Living in a valley at the bottom of a mountain, for example, can mean that melting snow in the spring can cause flooding in or around your home. Similarly, a house on a river might be at risk during times of heavy rainfall, or living downstream from a dam might put you in danger if the dam were to break. Being aware of these factors and how they affect your need for flood insurance is the best way to be prepared in case of this kind of emergency.
There are many factors to consider when deciding what kind of insurance is best for you, and where flood insurance is concerned, there are even more things to keep in mind. For help deciding if flood insurance is right for you, talk to an insurance representative from Stalwart Insurance in Pittsburgh, Pennsylvania to find a reliable policy.