At the Tom Steckler Agency in Fort Wayne, IN, we often encounter questions about the relationship between homeowners insurance and flood insurance. Many homeowners are under the impression that their standard homeowners insurance policy covers flood damage. However, this is a common misconception.
Understanding Homeowners Insurance
Homeowners insurance typically covers damage to your property and possessions in the event of disasters like fire, theft, and certain types of water damage. However, it’s important to note that most standard homeowners insurance policies exclude flood damage caused by natural disasters.
The Role of Flood Insurance
Flood insurance, on the other hand, is designed specifically to cover losses incurred due to flooding. This can be from heavy or prolonged rains, snowmelt, blocked storm drainage systems, or overflow from bodies of water. In Fort Wayne, IN, where we experience a variety of weather conditions, having flood insurance can provide an essential layer of protection.
Why Both Are Important
Given the exclusions in homeowners insurance, it’s crucial for homeowners in Fort Wayne, IN to consider adding flood insurance to their coverage plan. This is especially true if you live in a designated flood zone. But even if you don’t, remember that flooding can occur anywhere, not just in high-risk areas.
Contact Our Team at Tom Steckler!
At the Tom Steckler Agency, we believe in helping our clients in Fort Wayne, IN understand their insurance needs. By understanding the interplay between homeowners and flood insurance, you can make informed decisions and ensure that your home is fully protected against potential risks.
For more information, visit our website at Tom Steckler Agency.
