Flood Zones and Water Damage
Many parts of the country require flood insurance for homes in certain locations. Not all homes near flood zones require such coverage. However, if you are only a block outside of a flood zone that mandates flood insurance, you may still want to get that protection. True, you don't have to, but if flooding occurs in your area, you will be left footing the bill for restoration, as most homeowners' policies do not cover flood damage.
Therefore, before you celebrate your freedom of choice, consider the potential risk and damage of a flood that is more likely the closer you are to one of those mandatory coverage areas. There are at least three things to consider when deciding whether flood insurance is right for you:
1. Flood Zones and Water Losses
Flood zone maps show the regions of the country that are more prone to flooding. You can check with your local emergency management office to review your zone status. If your area is among the regions more likely to flood, then you should seriously consider flood insurance to cover the remediation of incurred water damage. These costs can quickly add up, depending on the severity and longevity of the flood.
2. Other Flood Damage
It is easy to assume that floods only cause water damage, but the risks are greater than that. If the flood waters are left to sit for any period in your home, they can lead to mold damage and significant structural issues, like foundation collapse.
3. Remediation and Restoration
Emergency flood restoration companies are available in the Redlands, CA, area to help families recover from a flood. However, without adequate coverage, you will need to find a way to pay out of pocket for such services.
While flood insurance is not a requirement outside designated flood zones, you may want the extra coverage, especially if you live close to one of these mandatory coverage areas. Flooding is costly, and spending a little extra now may save you thousands later.