Your home is the biggest asset that you will ever own. Most people are fully aware that they need to have their home properly covered by insurance. However, in many situations the standard home insurance policy may not be enough and additional flood coverage could be a good option. Getting flood insurance on your home could be beneficial a number of different ways.

Protect Your Investment

Depending on where you live, the risk of the flood may not be covered by a base home insurance policy and the amount of damage caused by a big flood can be significant. Because of this, you need to make sure that your home is covered by the risk of flood. Having flood insurance will be able to provide you with this financial protection and give you peace of mind that you will be covered during the unlikely occurrence of a flood. 

Ensures Compliance

Another reason why you should have flood insurance is that it will help to ensure compliance with your mortgage lender. If you live in an area that comes with higher flood risk, you could be required by your lender to carry flood insurance at all times. In fact, many lenders will require that you escrow for it on a monthly basis. If you ever have a lapse in your coverage, it could lead to a violation of your mortgage. 

If you are in an area that is prone to floods, such as Miami Beach, FL, you should reach out to the team at Assure-Us. When you work with the team at Assure-Us, you can gain more insight into what your flood insurance needs are. The team will then help to ensure that you are properly covered from any damage associated with a flood at your property.