An adequate flood insurance policy will protect your home, furnishings, and other possessions if they’re damaged in a flood. Assess your property and how you use it. Then, review your flood insurance policy and familiarize yourself with the coverage details.
Capital Insurance, serving Spokane, WA, explains.
Property Assessment
When rising water is present, damage can occur rapidly. During your property assessment, visually inspect the drainage system. Take note of whether you need to upgrade any materials that could prevent water from draining.
Your assessment may also reveal whether you need to adjust your coverage limits. If you have recently invested in new furnishings or other items of value, add those items to your home inventory and update your coverage limits if necessary.
Property Maintenance
Maintaining your property could limit the amount of damage that occurs if floodwaters come into contact with your home. Prepare a maintenance schedule to follow throughout the year.
Flood Insurance Documents
Consider the level of protection your flood insurance policy provides. Your residential insurance policy may cover the cost of inspecting damaged property. It may also cover professional cleaning and repair services. Mold mitigation services could be included in your policy, too.
Once you have reviewed the insurance documents, decide if adding more flood insurance coverage would be beneficial. Having enough flood insurance may limit the amount of time that you would be displaced if you encounter a flood. And it can help keep out-of-pocket costs down.
Flood Insurance Consultation
Do you have any concerns about your flood insurance policy? Contact one of our Capital Insurance agents for help with your flood insurance policy. We’re currently serving Spokane, WA.
