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.
Comparing Quotes - Made Simple