Advantages of Flood Area Insurance

Do you live near water? Do fear every time it rains heavily and there is risk of flood? If yes, then probably you have heard of flood area insurance. It is always a good point to read about flood area insurance and avail the benefits of it if you are living in a flood prone area. With rising water level across the UK it is becoming very important that you have suitable home insurance.

It is not always necessary that flood is caused by rivers. Floods are also caused by storms, Hurricanes and snow melting. So it is very necessary to have flood area insurance for you. Flood area insurance covers damage caused by flood but Home insurance does not. Flood insurance is normally included as a standard part of your Home insurance. It covers your home and its contents against damage caused by flooding.

Property owners are very much required to purchase flood insurance if their structure is located in a high flood risk area and the property has a loan or mortgage on it from a federal regulated institution. There is normally a 30 day period from purchase date before a new flood policy comes into execution.

There are some ways to reduce the potential damage of flood to your property

· Shelving -Put high value items on high mounted shelves

· Hang TV items on walls rather than placing them on units.

· Pumps can be bought and installed to extract flood water.

· Flooring- Use tiles which will resist water damage and be easy to clean and repair.

· Electricals-Raise sockets to at least 1 meter above floor level and have no wiring.

Having flood area insurance as said above is very beneficial for anyone living in a flood prone area. There are various advantages for flood area insurance which are:

· Flood insurance claims made by you are paid even if a disaster is not declared by the President or the authorities of the country

· There is requirement for payback

· Flood insurance policies are continuous and do not require to be renewed, or cancelled for repeat losses

· It can save you good money if your property is damaged with flood waters

· Flood insurance is priced according to the amount of risk in your geographical area.

· Flood insurance compensates you for all covered losses.

· Your covered losses are paid in full.

· You become eligible for additional benefits to renovate your home and make necessary changes.

· You can request a partial payment immediately after the flood, helping you to recover faster.

· Flood Insurance helps in removing debris

· It helps to pay your professional fees of solicitors, and surveyors

· Alternative arrangement of accommodation when you can’t live in your home for some time.

David Botham is doing research on Flood Area Insurance and the main points of it are covered in this article. Stay connected with David for more info about flood area insurance.