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When the weather is warm and the sun is out, owning a home in Hawaii is like living in paradise. But when storms rush in and tides get high—particularly during the wet season—homeowners need to stay aware of flood risks. While little can be done to prevent waters from rising, there are several things you can do to minimize the costs of flood damage restoration, such as making sure you have flood insurance. Here are a few reasons why you shouldn’t wait to check if flood coverage is part of your homeowners insurance policy.    

Why You Should Check Your Flood Insurance Coverage

Homeowners Insurance Doesn’t Cover Everything

From fires to storm damage, homeowners insurance covers many different types of perils your property could face. However, standard policies don’t typically cover flood damage. If this is all the coverage you have, you might find yourself responsible for water damage restoration and home repairs that result from the event.

homeowners insuranceTo avoid these high costs, you should purchase flood insurance—a special policy that is federally backed through the National Flood Insurance Program.  Depending on your needs, policies can be designed to cover as much as $250,000 of flood damage expenses—including those related to structural issues, waste removal, flooring repair, and the replacement of heating and cooling equipment. You can also purchase additional protection to cover up to $100,000 of damaged personal belongings.

Water Damage Requires Quick Action

Without flood insurance, it might take some time to secure the funds you need to pay for water damage restoration and structural repairs. But putting off these tasks could put your home in serious jeopardy. Specifically, the longer water sits in a home, the more damage it can cause—especially when it comes to mold growth. When you have the appropriate insurance, however, you can start the restoration process quickly without worrying about how you’ll pay for it.

It Takes Time to Go Into Effect

If you have to purchase a new flood insurance policy, it will take about 30 days for it to go into effect. As such, you might find that you aren’t fully covered should you purchase a policy right before flooding occurs. To limit the risk of being caught without protection, insure your home as soon as possible.

 

At first glance, flood insurance can seem like an unnecessary expense. However, this coverage may be more affordable than you think—especially if you purchase a policy through Mutual Underwriters in Honolulu, HI. As a full-service insurance agency, this team can craft a policy to fit your exact needs while making sure you don’t break your budget for first-rate protection. Visit these specialists online to learn more about their comprehensive personal insurance products. For custom flood and homeowners insurance quotes, call (808) 532-2888 to speak with a friendly agent.

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