Flood insurance an important consideration

Homeowners look beyond basic coverage to meet all weather-related needs

Although families are tightening their belts and cutting out unnecessary expenses - skimping on auto insurance, home insurance and healthcare coverage could cost more in the long run.

Although plans may seem pricey, there are ways to save money. Shopping online and comparing home insurance quotes is one way to cut costs. But taking steps to improve home conditions may also warrant a reduction in rates.

For homeowners living in areas where flood risk is high, ensuring valuables are protected may mean looking beyond a standard home insurance plan.

In fact, one insurance company reports that floods in the U.S. can cause over $2 billion in property damage every year - one inch of water alone might result in thousands of dollars in repairs.

The chairman of one national insurance company says that while home insurance plans protect against many unexpected circumstances, flood damage is typically not one of them.

The same insurance company leader says that flood damage is more likely than fire damage - another reason homeowners should consider the separate protection.

Discover how easy shopping can be. Get your free home insurance quotes now.

Posted: June 30, 2009

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