Myths About Flood Damage

FloodMythsFlooding is an issue that many homeowners in Northern Illinois and Southern Wisconsin face, but there are many common myths surrounding it. Learn to spot those myths so you can better protect your property from flood damage.

Myth: All Homeowners Insurance Plans Cover Floods

While fires are covered by homeowners insurance, not all plans cover flood damage. It is important to find out what is and isn't covered by your plan before a disaster happens, but you should also contact your insurance adjuster as soon as possible after a flood has occurred. Flood insurance typically costs less than $60 each month, according to Investing in a flood insurance plan is particularly important if you live in a high-risk area. In some cases, all of your flood restoration costs could be covered by insurance.

Myth: Flood Zones are Rare

In reality, all homes are located in potential flood zones. The risk level may vary from high to low, but anywhere that receives rainfall can become a flood zone. According to government statistics, just short of one-quarter of all claims made to the National Flood Insurance Program are made by homeowners outside of high-risk flood zones. Even if your area has not been flooded recently, it pays to be prepared for the possibility of a flood.

Myth: Homeowners in High-Risk Areas Can't Get Flood Insurance

Your insurance premiums may be higher or lower depending on whether you live in a high-risk area for flooding, but most homeowners are eligible for some form of flood insurance. Call your local insurance company before disaster strikes to see if you qualify for coverage.

Myth: Basement Damage Isn't Covered by Insurance

While it is true that most flood insurance plans offer limited coverage for damage to basement property, your plan should still cover electrical damage and appliances such as heat pumps and furnaces. Many homeowners have no other option but to keep these essential systems and appliances in their basements, and most plans offer some form of coverage for repair or replacement in the event that they are damaged by flooding. However, you should take care to avoid storing valuable furniture and other nonessential items in your basement since insurance is not likely to cover their replacement.

Myth: You Can Only Buy Flood Insurance Well in Advance

While it is better to purchase flood insurance as soon as possible, you can still purchase it during a flood in most areas. Nonetheless, your actual coverage likely won't kick in for a waiting period of 30 days or longer. If you have experienced flooding in your area, call Leaders in Disaster Restoration today for assistance at (888) 874-7066. The professional restoration experts at LDR have years of experience when it comes to restoring property after a flood. From mold removal to comprehensive water damage restoration, these expert technicians will walk you through every step after a flood to ensure that your home is back in proper condition as soon as possible.
Categories Blog | Tags:
You can follow any follow up comments to this entry through the RSS 2.0 feed.

Leave a Reply

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

By submitting a comment here you grant a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.


Alden, Ashton, Belvidere, Burlington, Byron, Caledonia, Capron, Chemung, Cherry Valley, Dakota, Davis, Davis Junction, DeKalb, Dixon, Durand, Elburn, Forreston, Franklin Grove, Freeport, Garden Prairie, Genoa, Hampshire, Harvard, Hebron, Hillcrest, Hinckley, Huntley, Kingston, Kirkland, Lake Summerset, Leaf River, Lily Lake, Loves Park, Machesney Park, Malta, Maple Park, Marengo, Merideth, Monroe Center, Mt. Morris, New Milford, Oregon, Pecatonica, Poplar Grove, Rochelle, Rock Falls, Rockford, Rockton, Roscoe, Shabbona, South Beloit, Sterling, Steward, Stillman Valley, Sycamore, Waterman, Winnebago, and Woodstock


Albany, Albion, Anderson, Beloit, Broadhead, Brooklyn, Cainville, Clinton, Darien, Dayton, Dunkirk, Edgerton, Evansville, Footville, Fort Atkinson, Hanover, Janesville, Milton, Monroe, Monticello, New Glarus, Newark, Orfordville, Ross Crossing, Rutland, Sharon, Stone, Walworth

Copyright 2017 LDR Construction Services, Inc. All rights reserved.
Website maintained by V2 Marketing Communications