Are you aware that flood damages are not typically covered under the State of Washington homeowners insurance policy?

Often obtained separately from homeowner's insurance, Washington flood insurance can protect your property and assets from flood-related losses. Suppose your home and/or personal belongings are flooded. In such a case, your flood insurance company will often cover the costs of rebuilding or repairing your property and will reimburse you for the precise monetary value of your belongings.

What Does Flood Insurance Cover in Washington?

In the event of a flood in Washington, having adequate flood insurance will protect the structure you live in and the belongings you keep there. Depending on the kind of protection you have, the following are some of the things that could be included in your coverage:

• Electrical and plumbing systems
• Building structure and its foundation.
• Personal items like clothes, electronics, and furniture.
• Air conditioners.
• Carpets and household items that are permanently installed.

What Will not be Covered in Washington Flood Insurance?

It is vital to be aware that certain belongings will not be covered by flood insurance WA. As a result, if any of these belongings are damaged by flooding, you will be responsible for the costs involved unless you have independently insured them. The following are examples of things that are not insured by Washington flood insurance:

• Currency and valuable papers.
• Damages from your sewer line.
• Swimming pools and patios (coverage can be added).
• Damages caused by mold and mildew.
• Landscaping.
• Automobiles such as cars.
• Financial losses due to the incapacity to operate your home-based enterprises.

Who Needs Flood Insurance in Washington?

Wherever it rains, there is the potential for flooding. In the United States, flooding is the natural calamity that occurs the most frequently and costs the most money. According to the Federal Emergency Management Agency (FEMA), the destruction of your home and belongings caused by just one inch of water might total more than $20,000.

Did you know that a typical home has a 10% probability of being destroyed by fire but a 26% likelihood of being destroyed by flooding? And contrary to popular opinion, flooding is not limited to locations susceptible to hurricanes or vast bodies of water. In reality, around 25 percent of all flood-related claims originate in low- to moderate-risk regions.

Floods can occur in the desert, after snowmelt, in urban areas, or wherever the ground is impervious to extra water absorption. Improper drainage or erosion can also cause flooding or mudslides. For these reasons, flood insurance is so vital to everyone in state of Washington.

In Washington, flood insurance is offered to everyone, including homeowners, renters, houses, mobile homes, condominiums, flats, and commercial buildings. The only restriction is that the structure must be in a community belonging to the National Flood Insurance Program (NFIP). Participation in this program is widespread throughout the United States.  Although there are private flood insurance companies in Washington that will offer flood insurance outside of the NFIP.

What is the Cost of Flood Insurance in Washington?

When you consult a Washington flood insurance specialists for an estimate, they will consider several criteria in determining how much you are expected to pay. Several of these elements include:

• Age and number of floors in your building.
• Location of your house.
• Type of coverage you want.
• Structure of your house and its foundation.

Insurance against flooding is considered to be catastrophic insurance. This indicates that certain restrictions are placed on the coverage offered. Regarding the FEMA flood policy, the highest coverage for residential properties is $250,000 for the building itself and $100,000 for the belongings inside the home.  You can obtain excess or greater amounts of flood insurance through private flood insurance companies in Washington.

Are you in need of a Washington Flood Insurance Quote? Contact a flood insurance broker in the State of Washington or you can click the button below and we will get you flood insurance quotes from FEMA and the top rated private flood insurance companies in Washington.  You can compare coverages and pricing and choose the best flood insurance policy for you - you could save thousands!!