Flood insurance is often misunderstood, especially in areas like Fort Wayne, IN, where flooding might not seem like a major concern. Unfortunately, these misconceptions can leave homeowners and renters vulnerable to costly damage. Let’s take a closer look at some of the most common myths about flood insurance and why it’s worth considering.
“I’m Not in a Flood Zone, So I’m Safe”
Flood zones are important, but they don’t tell the whole story. Many Fort Wayne residents assume they’re safe from flooding because their home isn’t in a high-risk area. The reality is that flooding can happen anywhere. Heavy rains, snowmelt, and overflowing storm drains can cause water damage in neighborhoods that aren’t officially labeled as flood zones. If you live near rivers, creeks, or areas with poor drainage, you could be at risk.
“My Homeowners Insurance Will Cover Flood Damage”
This is one of the most common misconceptions about flood insurance. Standard homeowners insurance policies do not cover damage caused by flooding. While they may cover water damage from things like burst pipes, flooding from natural disasters or heavy rainfall requires a separate flood insurance policy. Without it, you could be left paying for repairs and replacements out of pocket.
“Flood Insurance Costs Too Much”
Flood insurance is often more affordable than people think, especially for homes in low- to moderate-risk areas. In Fort Wayne, premiums can vary based on your location and the value of your home, but the cost is usually far less than the expense of repairing flood damage. Even a few inches of water can cause thousands of dollars in damage, making flood insurance a smart investment.
Why Fort Wayne Residents Should Consider Flood Insurance
Flooding can happen when you least expect it, and the financial impact can be devastating. At Tom Steckler Agency, we work with Fort Wayne homeowners and renters to find flood insurance policies that fit their needs and budgets. Don’t let myths keep you from protecting your home and belongings.
Want to learn more? Visit Tom Steckler Agency today to explore flood insurance options for Fort Wayne residents.
