Category: Flood Insurance

What Flood Insurance Covers and Omits in Folsom, CA

For homeowners in Folsom, CA and the surrounding areas, adding flood insurance to their policy is crucial. This insurance provides protection against several types of water damage. However, it may not cover all water-related risks. Here, we’ll explain what to expect when you add this coverage to your insurance through T.D. McNeil Insurance Services.

Who Needs Flood Insurance?

Practically, every homeowner should consider flood insurance. Homes not located in designated flood plains can still experience flooding due to a severe weather event. With the changing climate and weather patterns, flood insurance is becoming essential even in areas where the U.S. government does not anticipate a flood. However, flood insurance policies aren’t standardized. Like many other types of insurance, you may need to tailor your policy to secure the coverage you need.

Typical Exclusions from Flood Insurance

When purchasing a flood insurance policy, it’s crucial to note that some risks and items may be excluded unless specified in a rider, which mandates additional payments. Commonly excluded components include decks, fences, landscaping, and pools. Other items that usually don’t receive coverage include vehicles, collectibles, cash, and heirlooms. You can typically protect many of these items through a rider on your homeowner’s policy.

Typical flood exclusions also include damage due to sewer backups and mildew and mold unless such instances are linked directly to a specific flood event. Damage from an indoor flood—such as a sump pump failure, a burst pipe in the kitchen, or an overfilled bathtub—requires specific language in the policy to be covered.

If you’re looking for specific flood insurance coverage near Folsom, CA, T.D. McNeil Insurance Services is here to help. Our agents can customize a policy to meet your specific needs.

If you live in Folsom, CA, chances are that flooding may have an impact on your life. The Folsom area is moderately at risk of flooding in the next few decades, meaning that insurance is in greater need than ever before. With T.D. McNeil Insurance Services, homeowners can have the coverage they need to protect themselves against flooding.

Here are some tips for purchasing flood insurance.

1. Choose Public or Private Insurance Based on Your Needs

In California, homeowners can purchase public insurance through the National Flood Insurance Program (NFIP) or a private company. The NFIP is a federal government program managed by FEMA and covers specific coverage. Private insurance carriers create their own policies and can offer additional coverage. 

2. Purchase Flood Insurance Sooner Than Later

Typical homeowner’s insurance varies in coverage, but they rarely include protection against flooding. Purchasing separate flood insurance provides buyers with the assurance that they are fully protected if disaster strikes. 

3. Check a Variety of Insurers

Shop around for many flood insurance policies before making a decision. Some insurers provide shorter wait times for the coverage to begin. This difference can be critical in protecting your home from flooding. There are also differences in pricing and covered expenses, so look at the insurance options in your area. 

4. Check Your Flood Insurance Coverage

Remember that your flood insurance likely doesn’t cover earthquakes, even if a flood causes them. Carefully check your policy before purchasing.

Whether choosing federal or private insurance, flood coverage is a necessity. Contact T.D. McNeil Insurance Services today for your flood policy needs in Folsom, CA. 

Buying flood insurance is important whether you live in a flood zone or not. Flooding can happen almost anywhere, and flood damage is one of the most significant causes of damage to homes in the US. 

At T.D. McNeil Insurance Services, we insure homeowners in Folsom, CA against flood damage. If you are in the market for flood insurance, there are a few priorities that you should focus on.

The following are three key priorities when you buy a flood insurance policy:

Checking your options through the NFIP

The National Flood Insurance Program subsidizes flood insurance for homes in high-risk areas. If you live in a flood zone, you should definitely look into NFIP coverage before buying private flood insurance coverage. You may be able to enjoy significant savings with an NFIP-subsidized policy. 

Looking into your deductible options

One of the biggest decisions you make when you buy flood insurance is what your deductible amount is.

Insurance providers typically provide a few deductible options. Choosing a higher deductible could be a good way to bring down premium costs. However, you should remember that a higher deductible means you’ll have to pay more out of pocket if you need to file a claim in the future. 

Finding competitive rates by getting a few quotes

Always shop around to find a flood insurance policy with competitive rates. You should request quotes from a few different flood insurance providers and carefully compare these quotes before making a decision. 

Give Us A Call

Get a quote on a flood insurance policy for your home in Folsom, CA by getting in touch with us today. At T.D. McNeil Insurance Services, we’re here to provide you with the insurance coverage you need to protect your home and finances. 

As recent events have demonstrated, flooding can happen anywhere – even in areas that have not historically been considered at risk. And while no one likes to think about the possibility of their home being inundated with water, the truth is that it’s always better to be safe than sorry. That’s why, if you live in an area that is prone to flooding, it’s important to have flood insurance. T.D. McNeil Insurance Services in Folsom, CA can help you navigate this important coverage.

Here are five things you need to know about buying flood insurance for your home:

1. Your Homeowners Insurance Probably Doesn’t Cover Flooding

While most homeowners insurance policies cover water damage from things like burst pipes, they typically do not cover damage caused by flooding. So, if you live in an area that is susceptible to flooding, it’s important to purchase a separate flood insurance policy.

2. You May Be Required to Purchase Flood Insurance

If you have a mortgage on your home, your lender may require you to purchase flood insurance. Even if you don’t have a mortgage, though, it’s still a good idea to get flood insurance as it can help protect your home and possessions in the event of a flood.

3. Flood Insurance Is Not Always Expensive

Many people assume that flood insurance must be expensive, but that’s not always the case. The cost of your flood insurance policy will depend on various factors, including the value of your home and its contents, the amount of coverage you need, and the deductible you choose.

4. Flood Insurance May Take Time Before Going Into Effect

If you purchase a flood insurance policy, it’s important to know that it may take up to 30 days for the coverage to go into effect. So, if you’re worried about an impending storm, don’t wait until the last minute to buy flood insurance.

5. You Need to Be Proactive About Flood Protection

In addition to purchasing flood insurance, you can do several things to protect your home from flooding. These include elevation, floodproofing, and installing a sump pump.

Give Us A Call

As you can see, there are many things to keep in mind when it comes to buying flood insurance for your home. If you live in Folsom, CA, T.D. McNeil Insurance Services can help you find the right policy to protect your home and possessions. Contact us today for a no-obligation free quote.

You may think of flood insurance is only necessary for those living in regions where hurricanes are the norm. Flood insurance, however, is a necessary indemnity plan for those living in Folsom, CA as well. The agents at T.D. McNeil Insurance Services can help you understand the importance of flood insurance and what the best policies cover. 

Why is flood insurance necessary in California?

Sunny skies and seemingly perfect weather are not the only things for which California is famous. The Golden State also experiences flooding now and then that damages homes. 

A standard home insurance plan does not pay for damages to your home’s structure and personal belongings when flooding is the central factor. This means you are responsible for the financial costs to repair or replace such items and portions of your home. 

A flood insurance plan may be the solution when floods overtake Folsom CA and surrounding areas. The best policies offer full financial relief when disasters happen. 

What does flood insurance cover?

A flood is generally defined as excess water in a space not typically accustomed to having such an influx of liquid. By such a broad definition, flood insurance is not meant solely for natural disasters. 

Flooding is a factor when a pipe bursts in your home and causes damage to your kitchen. It would not be a bad idea to contact an insurance agent during this time to see if your flood insurance plan can be of assistance in helping you get your life back to normal. 

T.D. McNeil can help!

The agents at T.D. McNeil Insurance Services can help you fully understand the benefits of having flood insurance in Folsom, CA. Call them today to request more information or a quote for coverage!