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Allsurance Group

110 Garner Road, Suite 3
Spartanburg, SC 29303

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Do You Need Both Home Insurance and Flood Insurance?

Most people only have one type of insurance – home insurance. But what if your home is located in a flood zone or an area that has flooded before? You may need to purchase flood insurance as well. Allsurance Group in Spartanburg, SC provides you a look at the difference between home and flood insurance and when you might need to buy both.

Home Insurance vs Flood Insurance

Home insurance typically covers damage from fire, wind, hail, vandalism, and theft. Flood insurance, on the other hand, covers damage from water that has inundated your home. This can happen due to heavy rains, melting snow, flash flooding, levee failure, or dam failure. However, you need to read the fine print on your flood insurance policy to see what exactly is covered, as some policies exclude certain types of damage, e.g., sewer backup damage not caused by flooding.

If you live in a Special Flood Hazard Area (SFHA) as designated by the Federal Emergency Management Agency (FEMA), your mortgage lender will require you to purchase flood insurance. However, even if you don’t live in a high-risk area, it may still be a good idea to have this additional coverage. For example, if your home has experienced flooding in the past or is located near a body of water that could overflow during heavy rains, you may want to consider purchasing flood insurance.

By buying home insurance and flood insurance, you can rest assured that your home and its contents are protected from various natural disasters and accidents. However, it’s important to remember that these two types of insurance have different coverage limits and exclusions, so make sure you understand what each policy covers before making a purchase.

If you’re not sure whether you need home insurance, flood insurance, or both, Allsurance Group in Spartanburg, SC can help. We’ll look at your specific situation and help you determine the best type of coverage for your needs. Give us a call today to get started.