Rain is no stranger to Washington, and there are some areas where flood insurance is essential for financial protection. Whether your lender requires it or you want an extra layer of protection, you should purchase a flood insurance policy from the Johnson Insurance Agency.
This supplemental policy can be added to a home or business policy for water damage claims. If your property experiences damages from flooding or other natural disasters with water damage, your standard policy will most likely not cover it. Flood insurance will cover the renovation expenses.
If you need to have the foundation of your home repaired due to water damage, that is something that you can have covered with flood insurance. The cost value of the repair of your building property is evaluated, and the insurance will pay.
Also, personal items like furniture, equipment, and appliances can also be covered if damaged. These items and even foods lost in freezers can be granted compensation based on the cash value of these items at the time.
If you have a case of mold or mildew that was caused by neglect on your property, you will not be able to use that as a claim. There has to be evidence that the claim you are making was made by some natural disaster involving water and that it was out of your control.
If you live in an area where flood insurance is required, your mortgage lender will notify you at the time of your home purchase. You do not have to be required to get a policy, however. If you live in an area where there is a lot of water or nearby areas that flood, it is recommended.
If you would like a quote for your property in the Lacey, WA area, contact our team at Johnson Insurance Agency today.
