Do you have a home in Brandon, FL? Lucky you! Brandon is a fantastic up-and-coming community perfect to purchase a home, and build a life. But, there is something all Brandon homeowners should be aware of: your homeowner’s insurance may not actually cover flood damage. Isn’t that crazy? In a state surrounded by water on three sides, your homeowner’s insurance may not help you in the event of a flood. Make sure you’re reading the fine print on your policy!
Flood Losses on the Home
When your house becomes caught in a flood, there’s no telling how much damage it could incur. Water levels can rise for hours, and sometimes it can take days to drain, causing unpredictable levels of damage. Fortunately, when disaster in the form of flooding strikes, homeowners in Brandon, FL have a couple of options to avoid a financial meltdown.
Option 1 – Federal Disaster Relief
Many victims of widespread flooding presume that immediate government aid is on the way, and it may very well be…but not as immediately as you might hope. Only the President has the ability to declare Federal Disaster Assistance, and it comes in the form of a loan, which must be repaid with interest. Here’s the real kicker: all of this is in addition to any money still owed on your mortgage! Think of Federal Disaster Relief as a stroke of luck; if you receive it, and receive it in time to make it useful, be thankful! But if that isn’t a risk you’re willing to take, there’s always another option…
Option 2 – Buy Flood Insurance
Obtaining a valid flood insurance Brandon, FL policy is another option to consider, and probably the more reliable of the two. Having a policy guarantees homeowners quick payment and financial recovery. Even better, you won’t have the added stress of worrying about repaying a loan.
So why should you consider taking out flood insurance now? A lot of flood insurance policies in Brandon, FL don’t go into effect immediately upon purchase. Don’t wait until you’re at risk for a flood to take out a policy! It could be too late to offer you any real protection from disaster. Stay safe and act now by calling a representative at A. Kilbride Insurance or visiting our website at http://akilbride.com/
