How Does Flood Insurance Differ From Home Insurance?

Securing your home with the right insurance is critical. At Linda Dugan Insurance in Astoria, OR, we frequently clarify the distinctions between our clients’ flood insurance and home insurance. Here are some key points for your understanding.

The Basics of Home Insurance

Home insurance covers various property damages, including theft, fire, windstorms, and more. It usually includes liability coverage, protecting you if someone gets injured on your property. However, standard home insurance policies do not cover flood damage despite its comprehensive coverage.

Understanding Flood Insurance

Flood insurance is a distinct policy specifically designed to shield your home from flood-related damages. It covers incidents like heavy rainfall, storm surges, and overflowing rivers. Please note that flood insurance is typically provided through the National Flood Insurance Program (NFIP) and must be purchased separately from your home insurance policy.

Why You Need Both

Given Astoria, OR’s climatic conditions and proximity to water bodies, it is critical to have both home and flood insurance. Flooding can significantly damage your home’s structure and personal belongings. Without flood insurance, you would be responsible for all out-of-pocket repair and replacement costs, posing a potential financial disaster.

What Each Policy Covers

Home insurance covers damages to your home and personal property resulting from covered perils and offers liability protection. On the contrary, flood insurance covers direct physical losses caused by flooding. This coverage includes the damage to the building, its foundation, electrical and plumbing systems, appliances, and personal belongings.

At Linda Dugan Insurance in Astoria, OR, we are dedicated to helping you understand your insurance needs. Contact us today to ensure your home is fully protected with both home and flood insurance.