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Write something about yourself. No need to be fancy, just an overview.
Oklahoma Insurance Professionals LLC Blog |
Write something about yourself. No need to be fancy, just an overview.
Roy and Jan Williams were enjoying their retirement in Oklahoma City, relishing the calm after years of hard work. However, their peace was shattered one fateful spring when heavy rainfall led to flash floods that inundated their neighborhood. Without flood insurance, the Williamses faced significant financial hardship as they tried to recover from the extensive damage to their home and personal possessions. Their story is a reminder of the importance of flood insurance in Oklahoma. What Does Flood Insurance Cover?Flood insurance provides coverage for various types of damage caused by flooding. This includes damage to your building structure, personal property, plumbing systems, electrical systems, and even septic systems. Flood insurance policies generally consist of two types of coverage:
Will FEMA Help If I Don't Have Flood Insurance?One common misconception about flood insurance is that federal disaster assistance will cover all flood-related damages. While FEMA does provide some financial assistance in the event of a federal disaster declaration, this aid is typically limited and often comes in the form of a loan that must be repaid. In contrast, a flood insurance policy can provide more immediate financial assistance without the need for repayment. Is Flood Damage from Wind-Driven Rain Covered?Flood insurance specifically covers damage caused by flood water, which includes water overflowing rivers, heavy rainfall leading to flash floods, and storm surges. However, damage from wind-driven rain that enters your home through wind-damaged windows or broken pipes is typically covered under your standard home insurance policy, not flood insurance. Understanding the difference between these coverages can help ensure you are adequately protected against all types of water damage. What If the Damage Is Both Wind and Flooding Related?In situations where damage is caused by both wind and flooding, the claims process can become more complex. For example, if a storm causes wind damage to your roof and flood water enters your home as a result, you might need to file separate claims with your home insurance and flood insurance providers. Coordination between your insurance company and your flood insurance provider is essential to ensure all damages are adequately addressed. Does Flood Insurance Cover Temporary Housing?Flood insurance typically does not cover additional living expenses, such as temporary housing, while your home is being repaired. This type of coverage, often referred to as "loss of use" or "additional living expenses," is usually found in your standard Oklahoma homeowner's policy. It's important to review your home insurance and flood insurance policies with your independent agent to understand the full extent of your coverage Why Is Flood Insurance a Wise Investment in Oklahoma?Oklahoma experiences a variety of flooding sources, from heavy rainfall to flash floods, making it crucial for property owners in both high-risk flood areas and low- or moderate-risk flood areas to consider flood insurance. Here are some reasons why flood insurance is a smart choice:
How to Purchase Flood InsurancePurchasing flood insurance is straightforward and can be done through the National Flood Insurance Program (NFIP) or private flood insurance companies. Here are some steps to get started:
Flood insurance is a valuable investment for Oklahoma property owners. It provides much-needed financial protection against flood losses, offers peace of mind, and ensures you're prepared for the unexpected. Don't wait for the next flood to strike—contact Oklahoma Insurance Professionals for insurance quotes and secure your flood insurance today.
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