Flood insurance is an important add-on that homeowners can opt for in addition to their regular homeowner’s insurance policies. Many homeowners refrain from adding flood insurance to their policies because they wrongly believe they’ll be covered should a flood occur. If you’re a homeowner in the Tulsa, OK area, you might consider not adding flood insurance to your policy. However, there may be very dire consequences if your home sustains flood damage and you’re not covered. Here are some possible consequences:
Potential Financial Strain
Many homeowners don’t have extra money to pay for the potentially high costs of repairing their homes following flood damage. If you’re an average middle or lower-class homeowner, being forced to pay for repairs out of pocket could result in immense financial strain.
Delayed Repairs
Without flood coverage, you might be faced with a delay in repairs. This delay could be weeks, months, or even years. This means that you can’t fully enjoy your home because of the damage, nor can you get the damage repaired because of lack of funds. This would leave you in limbo as you wait to save up money to return your home to its original condition.
As you can see, there are some serious consequences if your home were to sustain damage from a flood and you are not covered under flood insurance. Since Tulsa, OK is known as a high flood area due to high tornadic activity, it’s always wise to opt for flood coverage in addition to your regular homeowner’s insurance. If you need a new insurance provider, you may want to consider Greater Tulsa Insurance Inc. Greater Tulsa Insurance Inc. has been in business for years, and we take pride in providing top-notch coverage. Give us a call today for a quote.
