Flood Insurance in Kansas
Why Do You Need Flood Insurance in Kansas?
Many people think that flood damage is included in their renters, homeowners, or business insurance policy. Unfortunately, this isn’t the case. If there is a flood, you will need to cover the damage out of your pocket, unless you have an active flood insurance policy. If there is a federal disaster declared, there will be some assistance. However, it’s important to note that this assistance is usually in the form of a low-interest loan that needs to be paid back. According to estimates by FEMA, two inches of water in a 1,000 square-foot home can cause up to $10,000 in damages. Flooding in the basement can result in the need to replace expensive appliances, such as the water heater, and can also cause structural damage to the home. If the floodwaters go to the above-ground floors, then damage becomes even more expensive since you will need to replace your belongings.
What Does a Flood Insurance Policy Cover in Kansas?
National Flood Insurance Program backed policies are available to business owners and individuals. You can also get private flood insurance through an agent at DJ Kauffman Agency Inc. in Hutchinson, KS.
You have the option to purchase both building coverage and contents coverage depending on your needs. Many homeowners will choose to get both. Landlords usually only purchase building coverage, and renters will purchase contents coverage.
Building coverage will cover damages associated with the home’s structure, including the foundation, electrical and plumbing systems, air conditioning and heating, built-in appliances, and permanently installed flooring. Contents coverage will cover costs associated with the items you keep in your home, including furnishings, clothing, electronics, portable appliances, and window air conditioners. Keep in mind that most policies will not be activated for 30 days, so you need to get flood coverage before a storm is approaching.
Contact DJ Kauffman Agency Inc. in Hutchinson, KS to speak with an agent and get a quote on flood insurance.