Southeast Ohio, Athens, Logan and surrounding areas are the home of the Hocking River, a volatile waterway that ebbs and flows through the land with an unpredictable schedule. Even if your home isn’t located in a designated flood zone, East State, Richland Ave, the South Green, West Ohio University Campus, there are many compelling reasons why you might consider getting flood insurance:

Financial protection:

Flood damage is expensive: Floods can cause extensive damage to your home’s structure, foundation, and belongings. Standard homeowners insurance typically excludes flood damage, leaving you financially responsible for repairs and replacements. Flood insurance covers these costs, preventing financial hardship and helping you recover faster.

Covers contents too: While standard homeowners insurance covers your home’s structure, flood insurance also covers your personal belongings damaged by floodwater, like furniture, appliances, electronics, clothing, and valuables.

Additional living expenses: If your home becomes uninhabitable due to flooding, flood insurance can help cover additional living expenses like temporary housing, hotel stays, and meals while your home is repaired or rebuilt.

East State Street flood in 2018, Photo By Terry Smith

Peace of mind:

Reduces stress and anxiety: Knowing you have financial protection in case of a flood can significantly reduce stress and allow you to focus on recovering from the event.

Protects your investment: Your home is likely your biggest investment. Flood insurance safeguards this investment and ensures you’re not left financially vulnerable in the event of a flood.

Improves marketability: If you ever decide to sell your home, having flood insurance can make it more attractive to potential buyers, especially in areas prone to flooding.

Unexpected floods:

Flooding can happen anywhere: Floods can occur even in areas not considered high-risk, due to factors like heavy rain, melting snow, or overflowing rivers. Statistics show that 40% of flood insurance claims come from outside designated flood zones.

Flash floods: These sudden, localized floods can be unpredictable and cause significant damage within a short period. Flood insurance provides protection against these unexpected events.

Remember:

Standard homeowners insurance doesn’t cover floods. You need a separate flood insurance policy. Flood insurance can be more affordable than you think. Rates are based on your home’s location, flood risk, and coverage amount. Government assistance might not be enough. FEMA grants and disaster loans have limitations and may not cover all your flood-related losses.

Ultimately, the decision to get flood insurance is a personal one. However, considering the potential financial and emotional consequences of a flood, it’s definitely worth exploring and discussing with your insurance agent to see if it makes sense for your situation and budget. Contact Us for more valuable information!