While many equate flooding with rainy conditions, winter weather and spring thaw can also lead to many flood risks. Just a few inches of water from a flood can cause tens of thousands of dollars in damage
Generally speaking, water that comes from the top down, such as rainfall, is covered by a standard homeowners insurance policy, while water that comes from the bottom up, such as an overflowing river would be covered by a separate flood insurance policy.
Here are the five biggest auto, home, flood and renters insurance mistakes consumers can make, along with suggestions to avert those pitfalls while still saving money:
It’s time to review your hurricane coverage, you should have enough insurance to rebuild your home and replace all of its contents.