Do I need to add flood insurance to my Denver homeowner’s policy?

Your home is your biggest investment. It’s where you lay down at night and where you keep all of your property. If something were to happen to your home, you would be devastated. One of most common perils that owners encounter is flood damage.

If there was a flood, you could easily find yourself with thousands and thousands of dollars of damage and possible no place to live depending on the severity. Most applicants assume that their basic homeowner’s insurance plan will cover any flood damage, but that isn’t true.

At Longevity Brokers, we’ve heard countless stories about families losing their home because of floods. It’s our mission to ensure that you’re getting the best insurance coverage for your home. This article is going to look at getting flood insurance protection in Denver, CO.

Do You Need Flood Insurance In Denver, Colorado?

Before we start explaining the need for flood insurance, it’s important that you understand the difference in flood damage and water damage. They may sound similar, but they are very different types of coverage. Not having the proper insurance coverage will leave you with massive amounts of repair expenses and frustration.Denver Colorado Flood Insurance

Water damage is defined as damage that is done to your house before the water comes in contact with the ground. That’s an odd way of phrasing, and it probably doesn’t clear it up, but we have some examples to help clear up any confusion. If there is a hailstorm, and it breaks a window and that allows rain into your home, then that’s considered water damage. Similarly, if you have a busted water pipe in your home, that’s also water damage.

That’s very different from flood damage which is damage to your home after it hits the ground. For example, if a river overflowed and it washes into your home or if there is a flood in your basement because the soil couldn’t absorb the water.

In Colorado, it’s important that you have the proper flood insurance protection. In fact, regardless of where you live, there is always a chance that your home and belongings could be damage by flooding. Luckily, adding flood protection is probably cheaper and easier than you may think.

Getting Affordable Homeowners and Flood Insurance

There are two main ways that you can add flood insurance to your homeowner’s policy. Depending on your insurance company, you can simply add flood coverage to your existing plan. In most cases, the additional coverage is going to be very cheap. All that you have to do is contact your insurance company and they will be able to tack on the additional flood protection.
The other option is to buy flood insurance through another company. The National Flood Insurance Program is a federal program that any homeowner or renter can buy flood insurance through. This program helps bring together countless agents, all of which sell flood insurance for a reasonable cost. They are dedicated to helping all types of homeowners or renters protection their biggest investment. Regardless of where you live, this program is available to you, and insurance coverage will only cost you about $1 a day, depending on where you live.

The cost of the coverage is going to depend on the state that you live in and how common flooding is in that area. There are a lot of areas that are at a much higher risk of flooding damage, but even homes outside of that can experience the devastating impacts of floods. In fact, around 25% of homes that are damaged by floods are not in the “high-risk” areas.

In Denver, we see a lot of snow and rain. Hopefully, you’ll never have to experience any type of flood damage to your home or belongings, but it’s important that you have the protection in place.

Longevity Brokers and Flood Insurance

We know that getting quality homeowner’s insurance can be a long and confusing process. There are several different types of plans and perils that you have to consider, and nobody wants to think about anything devastating happening to their house, but it’s important that you’re always prepared for the worst.

At Longevity Brokers, we are proud to serve the Denver, CO. area by offering quality insurance products to the community. We have plans to protect every area of your life. Everything from your house to your RV. Not only can we help you get the proper insurance, but we can help you save money on all of your insurance policies.

If you have any questions about flood insurance, or you want to add the coverage to your policy, please contact one of our experienced agents today. We would be happy to answer those questions and ensure that you’re getting the best rates for your insurance plans. You can give us a call at (720) 209-498 or you can use our contact page and we will get in touch as quickly as possible.

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