A Beginner’s Guide to Flood Insurance 

If you’re a homeowner, you may be aware of the importance of home insurance to protect your property against damage and loss. But, what about flood insurance to protect your property? Floods can happen anywhere, and they can add devastating damage to your home and belongings.  

If you are new to the topic of flood insurance, here is a beginners guide to break down the basics! 

What is flood insurance? 

Flood insurance is a type of insurance that covers damage caused by flooding.  

Note: Most standard homeowners insurance policies do NOT cover flooding, so you will need a separate flood insurance policy to be protected.  

How do I get flood insurance? 

You have come to the right place! Buoy Flood is your go to for flood insurance. We are looking at multiple companies, private and FEMA, to ensure the best coverage and rate based on your property. We will help you make an educated and guided decision, so you feel confident and protected. Get in touch with one of our flood experts by taking 3 minutes to fill out our form online at www.buoyflood.com/main-funnel or give us a call at (800) 575-8619.  

What does flood insurance cover? 

Flood insurance covers damage caused by rising water that enters your home from the ground up.

This can include things like:

1. Structural damage to your home, including the foundation, walls, and roof
2. Damage to electrical and plumbing systems
3. Damage to appliances, furniture, and personal belongings
4. Costs associated with cleaning up and removing debris
5. Loss of use can be offered with certain providers to help provide living expense coverage when displaced due to flood.

It’s important to note that flood insurance does not cover damage caused by water that enters your home from above, such as through a leaky roof or broken window. These types of damages would typically be covered by your standard homeowner’s insurance policy.  

Remember: There is a 30-day waiting period before your flood insurance policy goes into effect, so you’re better off purchasing it as soon as possible to ensure you’re protected in the event of a flood.  

Flood insurance can protect you from potentially devastating costs associated with flooding, which can happen anywhere at any time. By understanding the basics of flood insurance and taking proactive steps to purchase a policy, you can have peace of mind knowing that you’re prepared for the unexpected.