Water damage … there’s a very good chance you’re not covered!

November 15, 2023

As a wise grandfather once said, "An ounce of prevention is worth a pound of cure." When it comes to safeguarding your high net worth home, it's crucial to understand that damage caused by rapidly accumulating surface water or storm runoff is not covered by your standard homeowners policy.


Picture this: a heavy storm rolls in, and water starts seeping into your beautiful abode. You might assume that your homeowners policy will come to the rescue, but unfortunately, that's not always the case. Most standard policies exclude coverage for “flood”-related damages, leaving you vulnerable to significant financial losses … yes, I said “flood”!


So, what exactly is considered a flood? It's important to note that floods can occur in various ways, including heavy rainfall, melting snow, or even a nearby river overflowing its banks. The rapid accumulation of surface water can wreak havoc on your property, causing structural damage, destroying personal belongings, and leading to costly repairs.


To protect your cherished home, a Flood insurance policy is your best bet. This specialized coverage is designed specifically to safeguard against flood-related damages. It provides financial assistance for repairs, replacement of damaged items, and even temporary living arrangements if your home becomes uninhabitable due to flood damage.


Remember, prevention is key. Don't wait until it's too late to secure the protection your high net worth home deserves. Reach out to Guy Hurley Insurance & Surety Services to discuss adding a Flood insurance policy to your coverage portfolio. By doing so, you'll have peace of mind knowing that you're prepared for whatever Mother Nature may bring.