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Flood Insurance in Rancho Santa Fe, California

Most homeowners insurance policies don’t cover flood damage. However, it is essential coverage, especially if your home is located in a place at risk of flooding. Even a few inches of water can cost tens of thousands of dollars of damage. Without flood insurance, you would have to pay for those damages out of pocket.

What Is Flood Insurance?

Flood insurance is a type of property insurance that covers specific types of water damage to your home and belongings. Flood insurance typically covers incidents such as a hurricane storm surge or a heavy downpour accumulating faster than it can drain.

What Does Flood Insurance Cover?

Flood insurance typically offers the following coverages:

  • Building property coverage may help cover the physical structure of your home. It may pay for flood damage to the following:
    • Electrical and plumbing systems
    • Water heaters
    • Furnaces
    • Foundation walls
    • Built-in appliances and cabinets
    • Permanently installed carpets
    • Detached structures, such as garages and sheds
    • Fuel and well water tanks
  • Personal property coverage may help protect personal belongings damaged due to a flooding incident. This includes the following items:
    • Clothing
    • Furniture
    • Electronics
    • Curtains
    • Appliances
    • Portable air conditioners

Do I Need Flood Insurance?

If you live in a high-risk flood zone, you may be required by your mortgage lender to obtain flood insurance to get a loan. If your mortgage lender doesn’t require it, having coverage may still be beneficial. Without flood insurance, you would have to pay for costly flooding incidents out of pocket. According to the National Flood Insurance Program, 1 foot of water could cause more than $29,000 in damage to a 1,000-square-foot home.

How to Get Flood Insurance

Flood insurance can help financially protect you against the dangers of having your house flooded. Without it, you will need to pay flood-related damages out-of-pocket, which can be expensive. Contact Ranch and Coast Insurance Services today to learn more about flood insurance.

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