Flood Insurance in Spartanburg, SC
Homes and businesses may often be at the mercy of many risks and perils. Regardless of diligence, certain situations, such as floods and other natural disasters, may be beyond your control. Retaining the right insurance before an incident occurs can make all the difference. In the case of floods, understanding and securing appropriate flood insurance is paramount.
What Is Flood Insurance? 
This type of insurance product lives up to its name by erecting a versatile and multifaceted financial shield against the monetary consequences of flood-related damage. Such disasters may arise from many different situations and even a relatively small amount of floodwater seeping into a home or business could wreak havoc. In the wake of such incidents, these policies can play a pivotal role in limiting out-of-pocket losses.
What Does This Type of Insurance Cover?
Flood insurance is typically composed of multiple forms of financial protection that may assist you in responding to various losses and damages. Specifically, your policy may help pay for the following:
- Building repairs, such as if floodwaters damage the walls, floors, attached fixtures or plumbing and electrical systems of insured structures
- Content losses, such as if floods destroy your personal possessions, including electronics, furniture and clothing
- Cleanup costs, such as those made necessary to haul away debris or contaminated materials after water recedes
Who Needs Flood Coverage?
Property owners and tenants should know that standard homeowners, renters and commercial property insurance policies typically exclude floods as covered perils. This means additional coverage is usually needed to ensure financial protection from such incidents. Furthermore, you may be subject to formal mandates regarding coverage, such as the following:
- If your property is in a high-risk flood zone and you have a mortgage through a federally supported lender, coverage may be required.
- If you’ve previously received aid through the Federal Emergency Management Agency (FEMA) for flood-related losses, you’ll need insurance to remain eligible for future assistance.
Where to Buy Flood Insurance
Coverage may be available through FEMA’s National Flood Insurance Program, as well as private insurers. Contact La Cima Insurance Agency LLC to learn more about your options.