Home Owner Flood Insurance - What You Must Know

Have you ever watched the news and seen city after city with flooding problems and the pictures of homes completely submerged in water? Have you stopped to think if this could happen to you?

For millions of homeowners, flooding is a very real issue. Even if you think you are fine and have nothing to worry about, you may be in for a surprise if you do not have home owner flood insurance. Here is why this type of insurance is so important and what you must know.

Do you live in a flood plain? Are you sure? Many people do and don't even know it. There may not be a large river protected by a dam within 25 miles of your home, but if that dam failed your home could quickly become flooded.

If you haven't done so, I would advise that you check with your city to find out if you are located on a flood plain or not. If you are, then you may very well need flood insurance if you are a homeowner.

Another point that so many people don't realize, is that a homeowner's policy doesn't cover damage from a flood. By having a flood insurance policy you will be covered for all your personal property, replacement of all interior walls and the repair or replacement of your home's foundation. Without flood insurance this would all come out of your pocket.

The recent disaster in New Orleans and the Gulf Coast dramatically illustrates the important of home owner flood insurance. No one ever foresees it happening to them, but when it does, it is devastating.

Flood insurance gives you the peace of mind in knowing your home is covered in the event of a flood disaster. If there is even a remote possibility of this happening to your home, I would suggest checking out a flood insurance policy.