Flood insurance in Reading, PA is a separate policy that will protect you against flood damage, since floods aren’t covered under a standard home insurance policy. Even without being in a high-risk flood plain, having flood insurance can protect you from financial ruin. While FEMA and other organizations can help during a major flooding disaster, it will not pay out as fast, and you will likely have to pay back the money, so flood insurance is worth the investment. Floods aren’t just for homes in high-risk areas. Twenty percent of claims for flood damage come from areas that are considered low or moderate risk.
What Does It Cover?
Depending on what you purchase from your agent at Berks County Insurance, flood insurance can cover your home, your belongings, or both. For building property coverage, it includes the physical structure of the home as well as electrical and plumbing systems, heating and air systems, and attached cabinets and panels. It’s typically paid out in replacement cost, which is what it takes to repair the home. Personal contents coverage protects your belongings, including furniture, electronics, clothing, portable appliances, and freezers and food within. Certain valuables are covered up to a specific amount. Personal contents protection will typically pay out in actual cash value, which means that it takes into consideration depreciation.
What Is Not Covered?
Flood insurance will not cover any mold or mildew damage that could have been avoided by the homeowner. If you accidentally flood your basement, this wouldn’t be covered under flood insurance. It won’t cover any currency or precious metals, living expenses, cars, or outdoor property, such as hot tubs, pools, decks, and fences. Most flood insurance will not cover basements and crawl spaces and the things that are stored there.
Contact Berks County Insurance, serving Reading, PA, to get a quote on flood insurance.