When you own a home or business, you get the basic insurance that will cover you against fire, theft and even vandalism but many owners do not think twice about getting flood insurance. At Superior Flood, we want to tell you that you should consider insurance even if you don’t live in a floodplain. Whether you need flood insurance for your house or your business, there are three many components to each policy.
Building coverage
The benefit that most people know about is that flood insurance covers the building and the foundation. This includes all of the electrical and plumbing, air conditioning, heating, built in appliances and more. This allows you to get back all of the necessities needed to get your home or business back up and running like normal. Basic building flood insurance coverage is available for residential up to $250,000 and $500,000 for commercial.
Contents coverage
If your basement or main level is flooded you will be out a lot of money having to replace everything that the water damaged. But with flood insurance, you will have all of your contents covered including furniture, clothes, electronics, washers and dryers and other portable appliances. Basic contents coverage is available up to $100,000 for your home and up to $500,000 for your business.
Replacement cost
This is when your home or business is evaluated to determine the amount the insurer will pay if there is a loss of property. The cost to replace the damaged property is estimated without any deduction for depreciation.
If there is ever a tragic flood at your home or business, you will want to know that you are covered and can replace everything with little to no money out of your pocket. Call Superior Flood today to see what we can offer you.