As much as 17% of residents in Harris County, Texas, have insurance from flooding and if you’re one of those people, dealing with insurers will be the next important step post-Harvey.
It is common knowledge that most homeowners’ insurance excludes damages from flooding, although it is still important to be aware of what your contract may cover amid the flooding situation. In the meantime, you can start doing simple repairs and paperwork to make it easier for you to file a claim.
The Federal Emergency Management Agency administers the National Flood Insurance Program (NFIP), which provides insurance guidelines for flood-related claims. Even if you have flood insurance, you should still check whether or not your insurer will cover certain damages.
The NFIP covers basic systems such as those for water, electric, plumbing, and heating. Different appliances also have coverage, as well as a detached garage.
It is a different story for flood-damaged vehicles. In the future, however, you can keep your car safe from similar flooding scenarios by installing a Titan 2-post lift in your garage, which you can get from firms such as JMC Equipment.
Some residents with existing mortgages for their flooded houses will need to be extra patient in claiming insurance money, which will be held first by their mortgage providers. After they do all necessary repairs, that is the only time that they can have access to their flood insurance.
The NFIP required this condition to prevent certain homeowners that receive a huge check and fail to repair their houses. This consequently leaves the mortgage holder with a flood-damaged property that would suffer foreclosure after that.
Insurance claims always require tedious work. The context of filing a claim amid the impact of Hurricane Harvey makes it even harder for homeowners to file claims, yet knowing the coverage of your plan will somehow make it easier for you to move on and start anew.