A flood insurance policy can cover many things that may be lost, damaged, or destroyed by a flood. For example, flood insurance can pay for the repair or replacement of walls, floors, and plumbing in your home. Flood insurance can also pay for damaged clothing, furniture, carpeting, and more. However, there may be limits to how much flood insurance covers when replacing specific personal items.
At Hays and Hagan Insurance, we want our West Columbia, TX residents to understand what’s covered by flood insurance and what items have coverage limitations.
Flood Insurance: What You Need To Know
Flood Insurance and Priceless Items
Although flood insurance thankfully covers the rebuild, repair, and replacement of many items, there are limitations. For example, flood insurance will only cover up to $2,500 for the repair or replacement of your furs, artwork, and jewels, in addition to other valuables. If you have priceless paintings or expensive/rare items, it may be necessary to purchase an add-on or additional coverage for the repair or replacement of your valuable or priceless items. A standard flood insurance policy will only cover a little over $2,500 for the replacement or repair of your items.
Additional Insurance or Add-ons
Fortunately, your original work, expensive artwork, furs, and expensive jewelry can usually be covered by a policy designed for your valuables. You may also be able to add more coverage to an existing policy, specifically for your expensive artwork and items.
Give Us A Call
You can talk to one of our agents at Hays and Hagan Insurance in West Columbia, TX to determine if more insurance would be a need to cover your valuables. We can answer your questions and make recommendations to ensure that your valuables are covered in the event of a flood. Call us. We’re standing by. We’d be happy to answer your questions.