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Flood Insurance in Utah
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Because the Beehive State is a desert state, many individuals don't prepare for the possibility of flooding. Since 2005, there have been three significant floods in Utah, causing hundreds of millions of dollars in damage. Some people believe that homeowner's insurance offers protection against flood damage, but that isn't true. A separate insurance policy is required to protect your property. Maple Mountain Insurance Services, which serves the Mapleton, UT area, offers flood insurance coverage.
Why You Need Flood Insurance
If you have a 1,000 square foot home, you could suffer a lot of damage to your property with just two inches of floodwater. In addition to structural damage, appliances and electronics are susceptible to ruin too. Your basement's highly vulnerable to water damage, putting your water heater and furnace at risk.
When a flood is declared a federal disaster, there are some downsides to receiving available government relief. You'll receive a low-interest loan that you have to pay back to the federal government. The cost of repaying the average loan is typically much higher than the total cost of flood insurance over 30 years.
What's Covered by Your Policy?
A policy has two types of coverage, structural and contents. Structural coverage deals with damage to your home's structure and includes:
- Your home's foundation
- Electrical and plumbing systems
- Your AC and heating units
- Built-in appliances
- Permanently installed carpeting positioned on unfinished floors
Contents coverage reimburses you for property inside your house. It's important to note that property in your basement isn't covered. Some examples of items covered by contents coverage include:
- Televisions and other electronics
- Portable appliances and window air conditioning units
- Paintings and other decor pieces
- Flooring or carpeting that you've had installed over finished floors
While we've covered the basics, there are other important considerations when you're looking to purchase a policy. If you have any questions or are ready to purchase flood insurance, call or visit Maple Mountain Insurance Services, serving the Mapleton, UT area.