Mold damage is common after water leaks for a few hours and it can cost thousands of dollars to treat. We’ll also look at the coverage options you have related to water damage. This guide will look at the different coverage options you have in a burst pipe scenario. Storms and burst pipes are common perils that lead to flooding on all levels of the home. Does Flood Insurance Cover Broken Pipes?įlood insurance is an optional insurance policy for homeowners insurance that protects you against floods in the home. We thank you for your understanding and support. Your support through clicking on these affiliate links helps us continue our mission of helping people navigate the complex world of home insurance. Therefore, we aim to provide you with unbiased, high-quality content that helps you make informed decisions about home insurance. While the commission from these affiliate links helps us run this website, your trust and satisfaction are our top priority. We recommend only those products and services that we genuinely feel will be of benefit to you, our valued reader. We believe in the value and importance of the services we recommend and strive to ensure they meet the highest standards. Our evaluations are based on comprehensive research, personal experiences, and genuine user feedback. However, it is important to note that our reviews and recommendations are not influenced by these affiliations. It enables us to consistently research and review various home insurance options, so we can present you with the most accurate and up-to-date information. These affiliate links allow us to generate income that helps us maintain the quality and relevance of the content we provide. This means that we may earn a small commission at no extra cost to you if you choose to make a purchase after clicking on these links. It is our responsibility to inform you that some of the links provided on our website are affiliate links. That's why it is especially important that you purchase a flood policy before severe weather threatens your area.Advertising Disclaimer Advertising Disclaimer We at HOIC believe in transparency and honesty in all our endeavors. Typically, there is a 30-day waiting period before a new flood policy or changes to an existing policy are effective. Your agent can help you get a flood insurance policy through NFIP and an excess flood insurance policy to make sure you have the right amount of coverage. If you need additional coverage, you may purchase an excess flood policy. Coverage is limited up to $250,000 on the structure itself and contents coverage is limited up to $100,000. It is important to understand the limits of coverage available under a standard flood policy. Coverage for both the building and contents.When buying a flood policy you may select from several coverage options including: Getting the Right Flood InsuranceĪ flood policy provides coverage for personal property damaged by rising water. Speak with a local Farm Bureau Insurance agent to get a flood insurance quote for your South Carolina home. If you live in a low-risk area, you may qualify for some of the lowest premiums available through the National Flood Insurance Program (NFIP). Each year about 25 percent of all flood claims are filed by people who live in low-to-moderate risk areas.ĭon't take an unnecessary risk with your home. Low-Risk Flood AreasĮven if you live in a low-risk flood area, your home may still be at risk. Since homeowner's insurance does not cover flooding, it's important to have protection from the floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact South Carolina.Ī flood insurance policy offers coverage for both the structure (your home) itself and your personal property, including furniture, electronic equipment and other items that can be damaged by flooding. Statistics show that during the course of a 30-year mortgage, a home is three times more likely to be damaged by a flood than by a fire.īecause all it takes is a few inches of water to damage your home and its contents, it is important that you get covered. A Farm Bureau Insurance agent can also answer questions you may have about an existing flood policy. Your Farm Bureau Insurance agent can assist you with purchasing a flood insurance policy for your home in South Carolina, whether it's near the coast or in the Upstate. A separate policy must be purchased through the National Flood Insurance Program. Your homeowner's insurance does not cover damage caused by flooding. No matter where you live, the fact is everyone should be concerned about flooding. You may not be worried about damage from flooding because you don't live near the coast or another body of water.
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