Category: Flood Insurance

Floods pose a significant risk to homes, potentially causing extensive damage that can result in lost personal possessions, damaged walls and floors, and even mold growth. While it’s impossible to eliminate the risk of flooding completely, there are practical steps homeowners in Round Rock, TX can take to mitigate the impact. Here are three ways you can reduce the potential damage floods could cause to your home.

1. Elevate Electronics

One of the first lines of defense against flood damage is elevating and securing items. At the same time, you might put everything you can in your home higher up when there’s a risk of flooding. It’s especially important to do this with electronics. Elevate all electronic devices to the second floor or place them on furniture if they must remain on the first floor. It is also crucial to unplug these devices. This strategy should extend to other valuable items, but prioritizing electronics is beneficial.

2. Install Foundation Vents

Improving your home’s foundation to allow water to flow through rather than accumulate around it can greatly reduce the risk of flood damage. Foundation vents might not prevent flooding entirely, but they might significantly reduce the water level within your home.

3. Invest in Flood Insurance

Despite all precautions, some flood risks cannot be entirely mitigated. That’s where flood insurance becomes invaluable. Standard homeowners’ insurance policies typically don’t cover flood damage, making investing in a separate flood insurance policy essential. In areas like Round Rock, TX, where the weather can be unpredictable, flood insurance ensures that you’re protected should a flood occur.

Get Help Finding Flood Insurance

At DGIA LLC, we can help you select flood insurance that will protect your house and your possessions well. Contact us today for help finding a policy.

At DGIA LLC, we understand how confusing and frustrating it can be to navigate the world of flood insurance policies. As residents of Round Rock, TX, we know all too well the potential risks of living in a flood-prone area.

What is Covered by Flood Insurance?

Flood insurance policies can cover various damages caused by floods, including structural damage, damaged appliances and carpeting, and damage caused by sewer backups and mudslides. It’s important to note that many policies have different coverage limits and exclusions, so it’s essential to read your policy carefully and speak with your insurance agent to understand what it covers.

What is Whole House Replacement Coverage?

Whole house replacement or replacement cost coverage is optional in many flood insurance policies. This coverage provides more comprehensive protection than standard policies, where the payout is typically based on the depreciated value of the home. With whole house replacement coverage, you will receive compensation for the full replacement cost of your home and its contents, regardless of their depreciated value.

Does Flood Insurance Cover Whole House Replacement?

The short answer is that it depends on your policy. Whole house replacement coverage is not typically included in standard flood insurance policies and must be added as an optional endorsement. However, if your policy includes this coverage, in the event of a flood that causes extensive damage to your home, you may be eligible to receive compensation for the total replacement cost of your home and its contents.

Reach Out To Us!

At DGIA LLC, our flood insurance policies are customizable, and we work closely with each of our clients to ensure they have the coverage they need to protect their Round Rock, TX homes and belongings. We encourage you to contact our team if you want to learn more about our flood insurance policies and the optional whole-house replacement coverage.