Is Flood Insurance a Necessity for Me?

When you own a home in the Parkersburg, WV area, you will be making a very big investment that needs to be properly protected. One of the best ways to do this today is through the use of a quality home insurance policy. However, there are some situations in which a base home insurance policy is not enough. If you live in an area that is prone to flooding, you might need to invest in an additional flood insurance policy. There are several situations in which getting a flood insurance policy is right for you.

Required by Loan

One situation in which you will need to get a flood insurance policy is if it is required under your loan agreement. If you live in an area that has been designated as a higher risk for flood zone, you undoubtedly will be required to carry flood insurance at all times. In many situations, the lender will also escrow the payments on a monthly basis to ensure your policy stays in place.

Not Included in Base Policy 

Even if you have not been required to carry flood insurance, it still is a good idea to have it if you have a higher level of risk. If you live near a body of water, you should speak with your insurance company to see if you have adequate flood insurance. If you do not, getting the additional flood insurance policy should be a necessity for you.

If you are in the Parkersburg, WV area and think that you might need to have flood insurance, you should reach out to the team at Curtis Miller Insurance. When you reach out to the professionals at Curtis Miller Insurance, you can receive more guidance and insight into whether or not you should be getting an additional flood insurance policy.