While home insurance may seem like it will cover all the damage done to your home, flood damage is not included, and not having flood insurance can be disastrous. In some flood-prone areas, flood insurance is required, and homeowners may not be ready for that extra expense. Here are three ways that you can save on flood insurance.
When you first decide to get flood insurance, shop around, and make sure that you are getting the right coverage for your home and property. Talk to insurance agents who specialize in flood insurance and can give you the best advice on what will protect your home. Genesis Insurance is a top-notch Phoenix, AZ area agency with professionals who can help.
If you live in an area that is prone to flooding, elevate your living areas and appliances. This may seem like an added expense, but it will save you money. When you elevate your living areas and appliances outside of your home, it will keep the essential appliances away from water damage.
If you currently have a flood insurance plan, it might save you money to reevaluate your current plan. Keeping up with your payments and premiums is the best way to avoid higher premiums that will go up from lapsed payments. If you live in a lower-risk area, sometimes areas can be grandfathered in if the flood risk to the area changes over time. FEMA also offers grants to areas that take advantage of flood prevention methods, and this is worth looking into.
Genesis Insurance in the Phoenix, AZ region is ready to evaluate your home and can help you find the coverage you need in case of flood or water damage. Visit our website or call today.