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Earthquake & Flood insurance
It is a common misconception that floods, earthquakes, tsunamis or even landslides are covered under the homeowner’s policy, however in most cases these are excluded coverages requiring separate policies to be in force.
Earthquake Insurance
You do not need to experience a major earthquake to know how devastating one could be to you and your loved ones, and your entire community.
Even smaller quakes can cause serious property damage and losses that are not covered under a standard homeowners insurance policy, and the possibility of one happening where you live might be greater than you realize.
Having earthquake insurance can put your mind at ease before — and after — a seismic event shakes your world.
Earthquake insurance coverage can cover damage to your home and its contents, as well as living expenses for you and your family if your home needs repairs, because of an earthquake.
Flood Insurance
According to the U.S. Federal Emergency Management Agency (FEMA), 90% of natural disasters that occur nationwide involve flooding. Even if you do not live in a flood-prone region, you could be at risk. Flash floods can occur due to unusually heavy rainfall in low-lying areas or where nearby construction or real estate development has altered an area’s natural drainage.
And if flooding occurs, you are probably not covered for it. Standard homeowner’s insurance policies specifically exclude flood damage, which means you could be out of pocket for the cost to clean up or rebuild afterwards.
That is why flood insurance is essential for homeowners across North America.
Navigating the market for flood insurance can be difficult. The market is complex, for one thing. There could be a 30-day waiting period before your policy goes into effect, for example, and that could have dire consequences for you if a flood occurs shortly after you purchase your coverage.
That is why it is important to work with an insurance professional who knows the market and can assess your specific needs, so you can make the right policy choices based on location, limits and other factors.
Quickly get a quote with Selective Insurance for up to $250,000 in flood coverage. Need more coverage? Fill out the below form and we will be in touch shortly!
Call:
(206) 594-1126
Fax:
(509) 505-5566
Email:
insurance@morelandagency.com
