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Flood Insurance? PA Residents, Get Your Coverage Questions Answered!

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Flood insurance has always seemed to be one of those tricky policies that homeowners struggle to comprehend. From understanding what your homeowners insurance does and does not cover—to better determining your need separate policy – gone are the days of questioning flood insurance, PA residents can rest assured we have the answers to help you!

“My home insurance policy covers flood damage, doesn’t it?”

No! Unfortunately, this is a common misunderstanding that many homeowners suffer from. The majority of insurance companies and carriers do not offer flood protection as part of their standard home coverage. Catastrophic risks created by floods are just too costly and have the potential to raise homeowners premiums too high. The National Flood Insurance Program is a great, accurate resource in which homeowners can get more information about their specific neighborhoods and the potential risk for flood.

“Is my basement covered?”

NFIP policies do offer some coverage for basement elements: cleanup expense and items such as furnaces, water heaters, washers and dryers, air conditioners, freezers, utility connections, and pumps are included. However, oftentimes contents in a finished basement are excluded, as well as a basement’s finished walls, floors, and ceilings.

“I have to live in a high-risk area to qualify for flood insurance, right?”

Almost everyone in a participating community qualifies for flood insurance. PA homeowners, rest assured that nearly every community participates in the program. Feel free to contact Casper Insurance for more information about the Pennsylvania flood insurance coverage we can offer you!

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