Flood Insurance in Virginia

Flooding is among the most common natural disasters in the United States, and many homeowners living in the state of Virginia are subject to the effects of flooding. If you are one of them, and you are wondering whether you need flood insurance for your house or not, Cary-Wheeler & Associates Inc. located in Richmond, VA has prepared the list of things you should know about this specific type of insurance.

Things About Flood Insurance You Should Know

  • Homeowner's insurance does not cover damages caused by flooding. Therefore, purchasing flood insurance is the only way to get reimbursed for this type of loss.
  • There is a 30-day waiting period from the day of purchase of flood insurance before the policy kicks in. Therefore, it is important not to wait and get insurance as soon as you move into your new house.
  • Flood insurance covers the following: the house itself, the contents in the house (all personal belongings), home trailers and manufactured homes if they are attached to a permanent foundation, roofed and walled constructions that are above the ground.
  • What is not covered by flood insurance: buildings that are located completely over water, liquid and gas storage tanks; swimming pools, hot tubs, etc.; unanchored home trailers and manufactured homes.
  • Flood insurance has limits on what it will payout. Therefore, it is important to talk to your insurance agent and discuss all the details before purchasing a certain policy.

Insurance Agency You Can Trust

If you live in Virginia and you are thinking about purchasing flood insurance, let the insurance agents from Cary-Wheeler & Associates Inc, serving Richmond, VA, and other surrounding towns will discuss the options available and find the best coverage for you. Give us a call today to find out how we can help you to protect your house and possessions.

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