Most people think that their homeowner’s insurance will cover their home and possessions no matter what happens. However, if your house or property is damaged by water, you may not be covered for the repairs to your home and replacement of your property.
You don’t have to live right next to a river or a creek to be at risk for a flood. If the ground is saturated and your area gets a heavy rainstorm, a large ditch could flood your home. Dams and levees fail, and if your home is inundated with floodwater and you don’t have flood insurance, you could stand to lose every cent that you have invested in your home. Additionally, new construction in your area can change the way that water drains. Even rapid snowmelt can flood a home that is nowhere near a wet weather conveyance. If you don’t have flood insurance, your home could be at risk.
If you live in a high-risk area, your mortgage company requires you to buy flood insurance. However, in moderate or low-risk areas, your mortgage company probably won’t require you to buy it. Yet, there is a certain amount of risk of flooding wherever you live. To be on the safe side, you can buy low-cost flood insurance to repair or replace your home and possessions if your house floods.
If you need more information about your insurance coverage in Worth, Illinois, contact Reta Insurance Agency today!