Watching the rain continue to fall, and nearby water levels rise, can be stressful for any homeowner. Many people are forced to evacuate their homes, only to return and find significant damage. Thankfully, flood insurance can provide essential financial protection for homeowners in Boston, MA.
Structural Damage
Flood insurance policies typically cover damage directly caused by flooding. This includes repairs to drywall, HVAC systems, furnaces, plumbing, electrical systems, and more. However, the damage must be solely due to the flood. If the damage results from a combination of neglect and the natural disaster, your claim may be denied. It’s important to consult with an agent at Smoller Insurance Agency to understand the specifics of your policy.
Detached Buildings
Coverage for detached buildings, such as garages and sheds, varies by policy. Some policies include limited coverage for these structures, while others exclude them entirely. In such cases, homeowners may need to purchase “other structures coverage” to protect these buildings. Be sure to ask your insurance provider whether detached buildings are included in your policy.
Exclusions Apply
Every flood insurance policy has specific exclusions regarding what is covered. Many policies exclude damage caused by wear and tear or neglect. Additionally, flood insurance often excludes coverage for mold removal or mold-related losses.
It’s also a common misconception that flood insurance covers all types of water damage, such as water from a leaking roof or a burst pipe. However, flood insurance specifically covers damage caused by water rising from the ground up. Damage from other sources is typically covered under standard homeowners insurance policies. Speak with an agent to determine what your standard policy covers.
A representative at Smoller Insurance Agency can help you learn more about flood insurance and its coverage options. We’ll explain everything you need to know to ensure you’re protected. Contact us today! We proudly serve the Boston, MA area.
