Home Insurance

Will My Homeowners Insurance Cover Flood?

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A Deeper Look into Flood Coverage and Homeowners Insurance

If you live in an area frequently exposed to floods, you might naturally wonder whether your homeowner’s insurance protects against flood damages. At Luebbering Insurance Agency LLC, serving Jefferson City, MO, we’re fully equipped to answer your queries on homeowners insurance coverage. Here’s what you need to know.

Standard Homeowners Insurance and Flood Coverage

Most homeowners insurance policies don’t cover damages caused by floods. While your homeowner’s insurance might cover damages from a storm, such as wind damage or a tree falling on your home, it generally won’t cover damages from overflowing rainwater or rivers.

Do You Need Flood Insurance?

To safeguard against flood-related damages, you might need to consider flood insurance from the National Flood Insurance Program (NFIP). If you need this type of policy, consult your insurance agent to assist you in obtaining the right coverage for your home and help determine the amount of coverage and the rates.

If you live in a special flood hazard area (SFHA), you may be required to get flood insurance to secure a home mortgage. Your lender should inform you about this during the home-selling process.

Reach Out to the Experts

Do you need flood insurance from the NFIP? If so, call Luebbering Insurance Agency LLC, serving Jefferson City, MO. We’re here to guide you on how flood insurance can help reduce your financial liability in the event of a covered flood incident. Call today to enhance your knowledge and choose the best protection plan for your home.

Why All Homeowners Need Flood Insurance

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Owning a home means protecting that home from a wide range of events. Accidents, disasters, and other damaging events can cause expensive damage. One way to ensure you have the protection you need is to get flood insurance. This is essential coverage that protects you in case of flooding. Flooding can cause a lot of serious damage to a home. If you don’t have flood insurance, paying for the necessary repairs could be extremely expensive. Call us at Luebbering Insurance Agency LLC in Jefferson City, MO when you need flood insurance.

The National Flood Insurance Program

When you need flood insurance, a government-backed program provides this coverage. FEMA supports it, and it’s highly reliable and well-established. The Program sets the price of flood insurance. With this price in place, you will pay the same for your flood insurance no matter where you go. You also need a flood insurance policy if you already have home insurance. Home insurance doesn’t cover floods. If you don’t have flood insurance and a flood strikes, you will be responsible for paying for all the damages. 

Flood Zones

Certain zones are designated as flood zones. These areas are known to have floods within a certain number of years. However, among flood claims, about 20% of them come from outside of flood zones. These are areas without any flood designation. Because this happens so often, everyone needs to have flood insurance, no matter where they live. 

Get Your Flood Insurance Policy

If you’re a homeowner without flood insurance, it’s time to call us to find out more. Contact us at Luebbering Insurance Agency LLC in Jefferson City, MO to get started with your own policy. 

     

How Home Insurance Can Protect You (and Your Neighbors)

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Home insurance might feel like an afterthought once you’ve been through the home buying process. ‘Exhausting’ doesn’t even begin to cover what it feels like to tour homes, get all of the money together, and sign all of the documents to finalize the purchase. To make matters worse, the escrow period is not always smooth sailing either. As a result, most people end up with far too little coverage than they need to survive simply because they don’t have the energy to really analyze their options. Luebbering Insurance Agency, LLC wants to make sure that you don’t end up in this camp. 

The Broken Window Theory 

If you live in Jefferson City, MO and you walk down a run-down street, what’s the first thing that comes to your mind? You may think no one is really looking after their property, or even that the wrong type of behavior is encouraged. Home insurance allows you to take care of minor and major repairs alike and it typically gives everyone the impression that the homeowners on the block are paying attention to what’s happening around them. While home insurance can’t cover you in the event of every accident or incident, it can provide coverage to help maintain your home for you and your family.

Finding Help 

If you need help, call Luebbering Insurance Agency, LLC. We’re here to serve the people of Jefferson City, MO by working with the community to provide policies that work for your needs. If you have questions or if you’re concerned about what a specific event might do to your home (e.g., theft, weather disaster, etc.), we’re here to make it easier for you and address your problems. Give us a call today to discuss your home insurance options and start a policy.

What does the Standard Homeowner’s Insurance Policy Cover?

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Homeowner’s insurance gives financial protection if your home or contents incur damage. It also protects you and your family in case of injuries to others on your property. Most mortgage lenders require a homeowner’s insurance policy for you to purchase a home. There are four primary coverage types:

Liability

Liability insurance protects you against lawsuits when property damage or bodily injury caused by the residents of your home to others. Most coverages also extend to damage caused by pets. The insurance typically covers court costs and any awarded money determined by the court up to a specific limit.

Living Expenses

Additional living expenses pay the costs of living away from home if you have to temporarily move due to disaster damage. This includes hotel bills, meals and any other costs incurred above-and-beyond your normal living expenses. Some policies include time limits which can be increased with a premium.

Personal

Your personal belongings, such as furniture, sports equipment, electronics, and clothes are covered by insurance when stolen or destroyed by a natural disaster. The coverage can range from 50-to-70-percent of the structural coverage on your home, depending on the policy. It is always advisable to perform a home inventory to determine the amount of coverage you require.

Structural

If your home is destroyed by acts of Mother Nature that are listed on your policy, your homeowner’s insurance will pay the repair bills. When purchasing coverage from Luebbering Insurance Agency, LLC in Jefferson City, MO, it is important that you always purchase enough to rebuild your home. Many policies include damage to detached structures like a tool shed, garage or gazebo.

For more information on homeowner’s insurance in the Jefferson City, MO area, contact Luebbering Insurance Agency, LLC today! They can help you find a policy that fits your requirements and budget.