Flood Insurance in Marion, Abingdon, Chilhowie, Glade Spring, Wytheville, Bristol, VA, and throughout Southwest Virginia
True or false – Flood insurance is part of homeowner’s insurance? False!
Flood insurance is yet another insurance you have to add to the list of what you’re already paying for in all types of other coverage – homeowners insurance, auto insurance, life insurance, and more.
However, flood insurance may be required by your lender because of its location in a flood zone. Even if your house is paid in full or not in a flood zone, flood insurance for Marion, VA, Smyth County, Wythe County, Washington County may still have its value.
FEMA designates mapped areas that are in a 100-year flood plain. This is where your lender determines your need for federal flood insurance as part of your mortgage agreement. If you are curious about your house’s designation or a home you intend to purchase, you can check FEMA’s Flood Map Service Center.
Flood Insurance Coverage
If you go to the link for FEMA’s Flood Map Service Center, you’ll see your area. While not all areas require flood insurance, nature doesn’t always follow maps. For a larger deductible, flood insurance may be the smart move and very cost-effective for homeowners and commercial building owners in Marion, VA, Smyth County, Wythe County, Washington County.
Here is what flood insurance covers:
- Structural damage. This includes the actual structure as well as vital systems such as electrical, plumbing, and HVAC. However, sewer backup due to flood damage can be tricky, so you’ll need to talk to us when working on your flood insurance policy. Also, you need to start the claim as soon as possible. If you wait and mold starts to grow due to homeowner negligence, this may not be covered.
- Personal property. Once the floodwater starts to come into your home or basement, items located lower than the floodwaters or touching the flood water will most likely need to be replaced. Flood water can carry several contaminants that can’t always be scrubbed away. Not replacing these items can be very hazardous. However, this can differ from coverage to coverage and coverage for valuables, family heritage items, and more. This type of coverage can also be called contents coverage.
Customized Flood Coverage from the Slemp Brant Saunders Insurance Agency
If you’re in a flood plain and have a mortgage from a federally backed lender, flood insurance is essential for your home and your assets. As noted above, there are differences in coverage for what is covered and what isn’t. At the Slemp Brant Saunders Insurance Agency, we can help you find the options and the coverage and rates right for you. And if flood insurance is not required due to ownership or location, we’ll go to work to find some options that fit your budget while still providing excellent flood insurance coverage.
We have worked with many different homeowners throughout the southeastern areas of Virginia to find them the right flood insurance for Marion, VA, Smyth County, Wythe County, Washington County.