Timing Is Everything: When Should You Get Flood Insurance?

Flood insurance is a critical safeguard that provides protection against the devastating financial consequences of flooding, which can result from hurricanes, heavy rainfall or storm surges. The importance of flood insurance cannot be overstated, as floods can lead to extensive destruction and financial loss. Without adequate coverage, individuals and communities may struggle to recover from the aftermath of flooding, facing the daunting task of rebuilding homes and replacing possessions without financial support.

What Is Flood Insurance and What Does It Cover?

Flood insurance can help safeguard homeowners and property owners against financial losses and damages arising from flooding. Unlike standard homeowners insurance, which typically omits coverage for flood-related incidents, flood insurance is specifically designed to address the impact of floods. Floods may arise from heavy rains, storm surges, melting snow or infrastructure failures, causing substantial property damage, loss of belongings and significant financial strain. By securing flood insurance, homeowners can enjoy peace of mind, knowing they have taken proactive measures to shield their property and finances from the devastating aftermath of floods. This insurance provides a financial safety net, enabling homeowners to recover and rebuild their lives following a flood.

How Much Does Flood Insurance Cost in Kansas?

Flood insurance premiums can vary widely based on the following factors:

• Geographic location
• Type of coverage and policy options chosen
• Home age and construction
• Deductible
• Value of the property and its contents

When Is the Best Time to Buy Flood Insurance in Kansas?

Flood insurance should be purchased well before you even anticipate needing it. Flooding can be unpredictable and affect homeowners nationwide, even if they are not on a coastline. Don’t wait until a storm is on the horizon. Most policies have a 30-day waiting period, which could leave you unprotected when you need coverage the most.

Flood Insurance in Prairie Village, KS

Flood insurance can provide essential financial protection and peace of mind to property. Consider your location and consult with insurance experts to make an informed decision, assess your flood risk and choose the right coverage for your needs. While it can seem like an unnecessary expense, you will be happy to have it if a flood event occurs. Contact Bovard Insurance Group today to discuss your flood insurance coverage. We can review your current policy and make sure you have the coverage you need to recover from a flood.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.