Common Myths About Flood Insurance

Flood insurance may be hard to understand. There are many misconceptions and false information about this type of insurance. In order to help you choose the right flood insurance policy, Insurance Shopper VA serving Virginia Beach, VA prepared a list of myths that need to be debunked: 

Myth 1: Standard Home Insurance Covers Flood Damage

Home insurance does cover some types of water damage, but damages caused by floods are not among them. Therefore, if you live a flood-prone zone and you want to make sure that your property is fully protected, you need to purchase separate flood insurance. 

Myth 2: Only Homeowners Can Purchase Home Insurance

To qualify for flood insurance, you do not have to own a single-family home. It is available to renters, who can use flood insurance for the protection of their personal belongings. You can also purchase this type of insurance for your commercial property if you want to protect your company and assets. 

Myth 3: It Is Better To Wait Until The Rainy Season To Buy Flood Insurance

It is better to be proactive when it comes to buying home insurance. That is because, in most cases, you will have to way 30 days before your flood insurance policy goes into effect. Therefore, insurance agents recommend purchasing flood insurance when it is dry and not waiting until the last minute. 

We Are Here To Assist You

If you a renter, business owner, or homeowner from Virginia Beach, VA and you are looking for flood insurance to protect your home, personal belongings, or commercial property but you do not know where to start, Insurance Shopper VA is ready to help you. Feel free to contact our insurance company to discuss the options available and find the policy you really need.