Category: Flood Insurance

Floods can cause severe damage, from water damage to structural issues and even mold growth. If you live in an area at risk of flooding, it’s vital to protect yourself from the financial risks associated with it.

At Soto Insurance Agency in Covington, LA, we can help you secure flood insurance. If you have questions or need more clarity about flood insurance, we’re here to help. Here are some critical points.

Flood Insurance Covers Floods, Home Insurance Doesn’t

Home insurance generally covers damages due to many types of incidents, but not floods. For those who live in regions prone to floods, the only way to coverage against flood damage is through flood insurance. It is available to renters, homeowners, and business owners.

Flood Insurance is Available Through a National Program

The National Flood Insurance Program (NFIP) is overseen by the Federal Emergency Management Agency (FEMA). Despite this national program offering flood insurance, you can obtain a flood insurance policy by partnering with private insurance agents. Our team at Soto Insurance Agency in Covington, LA can offer invaluable assistance.

Flood Insurance Limits Your Liability if Your Home is at Risk

Flooding can incur devastatingly expensive damages. If your home is at risk, flood insurance can limit your potential for excessive expenses. If your property suffers flood damage, your flood insurance policy can assist in paying for your home’s repair once the flood waters recede. Do you have more queries about flood insurance? Speak with our team at the Soto Insurance Agency today to understand how we can help you.

Over one in five Louisiana homes have a substantial flood risk, which is set to grow exponentially in the next thirty years. To this end, Covington, LA homeowners will want to ensure their flood insurance policies cover the home and outdoor structures on the property.

Flood Insurance: What’s Covered and Not Covered

Flood insurance compensates for flooding caused by storm surges, inland flooding, flash floods, and melted snow. It covers your home’s structure, appliances, and most personal belongings. For example, flood insurance will cover repair and replacement costs if a hurricane floods your home and damages the HVAC unit, plumbing, appliances, and furniture. However, it may not cover valuable personal items like antiques or heirlooms. It also doesn’t cover outdoor structures such as a pool, deck, fence, shed, or detached garage.

Flood Insurance Coverage for Outdoor Structures

Cleaning a pool and repairing or replacing outdoor structures can cost tens of thousands of dollars. For this reason, you’ll want to ensure they’re fully insured. While flood insurance doesn’t automatically cover these structures, you can talk to your insurer about coverage for outdoor structures on your property. Your insurance agency will likely send someone to your home to check and appraise the structures. You’ll then be presented with various policy options to choose the form of coverage that best fits your situation.

Call Soto Insurance Agency Today

Soto Insurance Agency has over ten years of experience helping homeowners in Covington, LA, choose home and flood insurance. Our team offers personalized assistance and expert advice to ensure every part of your home has the coverage it needs. Call us today to find out more or to get a price quote.

When you are a homeowner, you need to make sure that you protect the investment you’ve made into your home. It’s usually a person’s largest asset, and it needs protection in case something were to happen to it. One way to do this is to get flood insurance. This is an essential type of policy that can protect you financially against a flood that damages your home and belongings. If you don’t already have a flood policy, you can call us at Soto Insurance Agency in Covington, LA to find out more. 

The National Flood Insurance Program

This is a program that has government backing and is guaranteed. This isn’t an entity that can go out of business. When a flood happens, this policy will be there to help. Many people are hesitant about getting flood insurance because they worry that companies can’t pay after a major disaster. However, flood insurance from this program is guaranteed. With federal funding and backing, you know it’ll be there for you if you need it. Because of its backing, the price of this insurance coverage is a set amount that is the same anywhere you go. 

Flood and Home Insurance

A lot of people don’t get a flood policy because they think their home insurance should take care of any disaster. However, this isn’t the case. When a home is flooded, home insurance generally excludes this from coverage. That’s why you need a separate flood policy for your home. You need this extra policy to cover the costs that come from flood damage in your home. Water can be very damaging to building materials. It can cost thousands to fix all the problems caused by a flood. Don’t be caught without coverage and be saddled with thousands, or tens of thousands, in damages. 

Get a Flood Policy

To get your flood insurance, you can call us at Soto Insurance Agency in Covington, LA to get started with a policy. 

Louisiana is in a geographical location that makes it naturally prone to flooding. Intense storms, rising sea levels, and unpredictable weather patterns can lead to devastating flooding. When floodwaters rise, it can automatically lead to rising concerns about flooding, property damage, and costly water damage. 

Why You Need Flood Insurance in Louisiana

Protect your Louisiana home from the devastating and costly effects of flooding caused by severe thunderstorms, heavy rainfall, and hurricanes with flood insurance. Flood insurance is a special kind of insurance designed to protect against financial damages caused by flooding. It acts as a vital safety net to provide financial relief to flood insurance policyholders in the wake of a disaster. 

Homeowners vs. Flood Insurance

Many Louisiana homeowners make the mistake of believing their home insurance policies automatically cover flooding. Not all homeowners insurance policies will cover flood-related damages, so protecting your home and family with the best flood insurance is vital. A licensed insurance agent at Soto Insurance Agency in Covington, LA can talk to you about the best options for coverage. 

What Does Flood Insurance Typically Cover?

Building Coverage: Flood insurance can cover the cost of repair or replacement of the physical structures of homes and businesses. 

Personal Property Coverage: A Louisiana flood insurance policy can help cover the costs of repairing or replacing your personal belongings, electronics, clothing, valuables, and furniture. 

Debris Removal: Some insurance policies help cover the cost of debris removal caused by floods. 

Living Expenses: A flood insurance policy can help cover your family’s living expenses when you’re temporarily displaced by floods. 

Get Flood Insurance Today

Don’t wait until it’s too late and your most prized possessions are underwater. Get a flood insurance quote from the experts at Soto Insurance Agency in Covington, LA!