Flooding isn't limited to coastal regions or homes near major rivers. Heavy rainfall, rapid snowmelt, and overflowing streams can all cause water to accumulate on normally dry land, potentially resulting in costly damage that may not be covered by a standard homeowners insurance policy. Understanding your coverage options can help you better prepare for the unexpected.
Insurance policies come with a variety of terms that can be confusing, and deductibles are often one of the most misunderstood. Knowing when a deductible applies and how it impacts a claim can help you feel more confident about your insurance coverage.