Flood Insurance in Tennessee
We can help you choose the right flood insurance policy here at Anthony Lancaster Insurance, Inc in Memphis, TN. Flood insurance is great to have because most homeowner's insurance policies do not cover flood damage. This is something that you should investigate if you have a current homeowner's policy. The coverage that you select must also be adequate to help you recover in the event of a severe flooding occurrence. Heavy rain is always a possibility and with that comes flooding. The only way to remain protected is by purchasing a flood insurance policy that will take care of damages.
Flood Insurance Laws in Tennessee
There are no laws in Tennessee that require homeowners to purchase a flood insurance policy. However, they are the only way to get financial assistance from a flood for recovery purposes. Without it, the road to recovery will be difficult. Monetary relief can be given through insurance if your home were to sustain damage due to flooding. Even if you do not live in a high-risk area, purchasing a flood insurance policy is still just as important.
Flood Insurance Coverage Options
Flood insurance policies are standard. But your policy will differ depending on how much coverage you think you need. You have the option of just opting in for insurance to cover just your building structure only. You can also opt-in for insurance to cover both your personal property as well as the building structure.
On the other hand, if you are renting, you can just get by with contents coverage for flood insurance. Landlords can get away with just structure coverage. Structure coverage may also be beneficial for homeowners as well since most policies do not cover certain contents within the basement except for appliances.
Contact Us Today
For a quote, please visit our Anthony Lancaster Insurance, Inc website, or give us a call. We are located in Memphis, TN.