Understanding Flood Insurance: What You Need to Know
For residents living in a flood zone in Glendale, CA, having appropriate insurance coverage is a crucial step in protecting their property and other assets. With help from Voi Insurance Solutions LLC, we can discuss the types of flood insurance policies and the benefits of having coverage that fits individual situations.
Who Needs Flood Insurance?
Flood insurance isn’t just for homeowners. Those living in an apartment, condominium, townhouse, permanently affixed mobile home, or running a business can also get coverage. Flood insurance is important if your home or business is in a high-risk area. Even if your area is designated as low-risk, it is still beneficial to have coverage.
Types of Flood Insurance in Glendale, CA
There are three types of flood insurance policies:
- Business Owners
- Homeowners
- Renters
Business Owners
Commercial flood insurance provides added protection for a business owner’s building, equipment, inventory, and furniture.
Homeowners
Flood insurance coverage for homeowners is separate from a homeowner’s policy, which typically does not include flood coverage. With flood insurance coverage, both the building and its contents are covered.
Renters
Renters also benefit from having flood insurance, which protects the contents of their rental homes. These may include clothes, electronic equipment, furniture, TVs, and more.
What Flood Insurance Does Not Cover
Flood insurance policies in California do not cover everything. While the building is insured, things outside the building, such as a patio, pool, fencing, etc., are not covered. Cars, campers, and travel trailers are also not included in flood insurance coverage.
Some of the areas and items that are excluded include:
- Paper currency
- Precious metals
- Contents stored in a basement
- Valuable papers
- Mold or mildew damage
- Septic systems
Contact Us
Contact our agents at Voi Insurance Solutions LLC and let us help you be prepared for unexpected flood situations.