To get the most out of your home, you must preserve its condition, value and comfort. If your home sustains damage during a fire, earthquake, storm or criminal activity, insurance in Torrance can cover the cost of repairs or replacement. Did you know, however, that ordinary policies may not reimburse you for damage caused by water? Ask your insurance provider how flood insurance can help you better protect your home.
Your Mortgage Lender May Require Flood Coverage
While some homeowners may choose not to purchase flood insurance, your mortgage lender may require you to carry it. If you fail to do so, you risk breaching your lending contract.
You May Live in a Flood Zone
If you live in a flood zone, it is probably only a matter of time before your home sustains flood damage. As such, you should be certain you have enough coverage to protect your housing investment when waters rise. Check out the Federal Emergency Management Agency’s flood-zone map to see if you life in an area prone to flooding.
Perhaps the best way to know if you need flood insurance in Torrance is to speak with a qualified insurance agent. Because skilled insurers understand the local market and your unique risks, they are usually able to recommend comprehensive insurance for your real estate.