Why Indiana Homeowners Should Consider Flood Insurance

Homeowners can become financially vulnerable in the wake of severe weather conditions. Flood damage is among the risks that a standard homeowners policy does not cover. Brown Insurance Group can help you financially secure your home before the next storm.

The Gap in Standard Homeowners Insurance

Standard policies typically cover water damage from internal issues, like a burst pipe, but exclude damage caused by rising surface water or overflowing bodies of water. Without a separate flood policy, you may be left to cover structural repairs and personal property replacement entirely out of pocket.

Understanding Flood Risks in Residential Areas

Flooding affects far more than properties inside mapped high-risk flood zones. Even if your home is not in a high-risk Federal Emergency Management Agency (FEMA) flood zone, localized flash flooding from intense summer storms can still pose a threat. A significant percentage of flood claims occur in areas considered low-to-moderate risk. There are other contributing factors to a rise in water levels, including:

• Poor local drainage systems that cannot handle heavy rainfall
• Development that increases impervious surface runoff
• Aging infrastructure that redirects water in unpredictable ways
• Seasonal snowmelt that saturates soil before spring storms arrive

What Flood Insurance Covers

Flood insurance may be available through the National Flood Insurance Program (NFIP) or private insurers, who may offer plans with greater coverage inclusions. Depending on your location, policy details and specific needs, your flood policy may cover:

• Structural damage to your building, including the foundation, walls and electrical systems

• Damage to permanently installed flooring, built-in appliances and permanent fixtures

• Personal property and business contents, depending on the policy you choose
• Cleanup and remediation costs associated with flood-related water damage

Coverage options and limits often vary by policy. Reviewing your policy with your agent can help you understand what your policy includes, where gaps may exist and if you may need additional financial protection.

Secure a Policy Today

Contact Brown Insurance Group to review your current policy and learn how you can financially secure your property. Our team can help you evaluate your risk and find optimal coverage before you need it.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.