We know Oklahoma for being a state that’s prone to tornadoes and severe weather. But what about flooding? Does home insurance even cover flooding in Oklahoma? nsurance Source Solutions offers this guide in navigating this important coverage.
Flood Insurance: What You Need To Know
Flooding and Oklahoma
The answer is yes and no. Home insurance policies rarely cover flood damage, but they may offer limited protection against water damage from storms or hurricanes. That’s why it’s important to know what your policy covers and what it excludes. An Insurance Source Solutions agent can help you review your policy and ensure you’re adequately covered.
Water Damage and Home Owners
Most homeowner’s insurance policies cover water damage from burst pipes, leaking roofs, and other sudden events. But they typically exclude damage from long-term moisture exposure, which happens during a flood. That’s why it’s essential to have separate flood insurance if you live in an area prone to flooding.
Why is Separate Coverage Necessary?
Flooding is one of the most common and costly natural disasters in the United States. And yet, a standard home insurance often doesn’t cover flood damage. Having separate flood insurance can help you repair or replace your home and belongings if they’re damaged or destroyed by a flood.
These can add up to a lot of money, especially if you live in an area prone to severe weather. That’s why it’s essential to have adequate protection in place. It can help if you have to move out of your home while it’s being repaired or rebuilt, covering costs such as lodging and storage for your belongings.
How to Get Flood Insurance
If you’re interested in purchasing flood insurance, the first step is to contact your insurance agent. Insurance Source Solutions can help you find the right policy for your needs and budget. They can help you determine your eligibility for coverage and how much it would cost.