If you are a homeowner in Tulsa, OK, you may have heard of flood insurance and wonder if it’s something you should consider. Flood insurance helps protect your property against the financial losses resulting from flooding.
Here’s what you need to know in Oklahoma:
What Is Flood Insurance?
Flood insurance protects your home or business from damage caused by flooding due to heavy rainfall, storms, hurricanes, or other covered disasters. It covers the cost to repair or replace damaged property (including personal possessions like furniture) and provides you with additional living expenses if your home becomes uninhabitable due to flooding.
Do I Need Flood Insurance?
Whether or not you need flood insurance depends on your geographic location and the likelihood of flooding in your area. Contact a Greater Tulsa Insurance Inc expert is the best way to determine if you need flood insurance. We can help you assess the risk of flooding in your area and determine if purchasing a policy would benefit you.
Understanding Coverage
When considering purchasing a flood insurance policy, it’s essential to understand what types of coverage are available and how much coverage is necessary for your particular situation.
Typically, there are two types of coverage: Building property coverage and personal property coverage.
Building Property Coverage
This type of coverage helps with repairs and replacement of your existing home and other structures like garages or gazebos.
Personal Property Coverage
It includes coverage for items like furniture, clothing, and appliances damaged due to flooding.
Contact Us Today
Understanding and having access to flood insurance can help alleviate some of the financial burdens of unexpected floods. If you’re a homeowner in Tulsa OK, and want more information about flood insurance options available through Greater Tulsa Insurance Inc., reach out to us today!
