In the aftermath of tropical storm #Eta, several #homeowners are grappling with home flooding. What is the best course of action?
A regular homeowner insurance does not cover flood that occurs from the ground up. A separate add-on flood policy is required. Without that specific coverage, the homeowner will have absorb the repair costs of fixing the property. It can be a good idea to carry flood insurance even if the property is not located in a low-risk area.
If insured, the homeowner must immediately contact his/her insurance company to inform them about the ongoing situation. Visit the link below for more information with the insurance information institute.
https://www.iii.org/article/do-i-need-flood-insurance-for-my-home
About the Author:
Ralph Abelard has been successfully practicing real estate in Florida since 2002. Please do not hesitate to contact him whether you just want a complimentary home evaluation or you or someone you know is considering selling, buying or renting their home.