Browsing: flood

What is flood insurance used for?Flood insurance is often used to protect their properties and belongings from the financial losses associated with flooding.Standard homeowners’ insurance policies typically do not cover flood damage.While they may provide coverage for certain water-related incidents like burst pipes or roof leaks, they exclude coverage for natural flooding caused by heavy rainfall, hurricanes, storm surges, or overflowing rivers.Therefore, to safeguard against flood-related losses, individuals often buy separate flood insurance coverage.Flood damage can be extremely costly to repair, as it can cause structural damage, destroy personal belongings, and lead to significant restoration expenses. Flood insurance helps policyholders…

What is the current situation in California?The Golden State has taken a big hit due to the rainfall at the end of last year. Not only this the water cause mudslides, but also flooding in the streets which caused a lot of damage to homes.The area is known for floods and over the past decades, multiple areas have been announced as “high-risk” areas for flooding. This means that residents in California know the possibility of floods happening.This does not mean that floods happen everywhere all the time. But as we can see the global trend of flooding, we see them…