What is the difference between flood insurance and regular homeowners’ insurance?

6/2/2023 (Permalink)

When it is storm season, it is imperative to have the right insurance coverage. There is peace of mind by having the right insurance to avoid costly expenses especially from natural disasters.

Flood Insurance

What is flood insurance? Flood insurance provides coverage for residential or commercial structures in the event of flooding for structure and contents.

Regular Homeowners’ Insurance

What is regular homeowners’ insurance? Regular homeowners’ insurance provides coverage for various situations such as water damage, fire damage, vandalism, mold damage, and certain natural disasters which protects your structure and contents.

What are the cost factors involved?

The costs involved with both types of insurance can vary based on factors such as where the property is located, the value, and the coverage required for the structure. Flood insurance costs more than regular homeowners’ insurance especially in a flood zone area. There is a higher risk for flood zones which will be a higher cost to insure the property.

What is the difference between the insurance coverage?

Flood insurance provides coverage against water damage from flooding to the structure and contents, whereas regular homeowners’ insurance may not provide protection against flooding depending on the policy available.

Understanding the different insurance options is essential for protecting your property during a flood event. Consider the specific needs and risks associated with the property. If there is water damage to your property, call SERVPRO of East Sacramento/West Arden Arcade at 916-285-7257 for emergency services. We are available 24/7.