RSS Feed

Financial Fitness Blog

Spring rains bring flood risk: Are you covered?

 Permanent link   All Posts

Tim GanoungDon't you love seeing rain instead of snow after a long winter? It’s great to be moving into spring. Spring rains are also a good reminder to be sure your home is adequately covered in case of a flood.

Did you know that home insurance doesn’t cover flood damage? If you’re unsure about your need for flood insurance, our insurance consultants can help you make an informed decision and give you a quote. Keep in mind that there is typically a 30-day waiting period from date of purchase before a new flood policy goes into effect.*

While you're thinking about insurance, you may also want to find out if you have sewer back-up coverage on your home policy. Water damage due to drain and sewer backup or sump pump overflow may be covered if you’ve added an endorsement to your policy.

To learn more about the flood insurance offered through Member Benefits, or for questions about your current home policy, give us a call at 1-800-279-4010.

Here are a few quick tips to minimize your loss in case of a flood:

  • Store unused personal property in plastic containers or bins.
  • Make sure your sump pump is working properly.
  • Stack valuable furniture on tables or plastic crates during heavy downpours if your house is prone to flooding.
  • Pull up soaked carpeting immediately to prevent the build-up of mold and mildew following a flood.

*Some exceptions apply, call us for details. Flood insurance offered through the National Flood Insurance Program and underwritten by Bankers Insurance Company.  

Tim Ganoung, Personal Insurance Consultant