How To Recover From A Flood

From our miles of gorgeous coastline to our hometown hospitality, it’s no wonder why Myrtle Beach, SC is a favorite place to settle down. But for all its beauty and natural wonder, our coastal city is not without its dangers. Flooding is a terrifying reality many residents face year after year. Are you prepared to recover if your home floods? Here is a handy list of flood recovery tips from Benefit Insurance Services.

Prepare Early

If you’re already concerned about flooding, now is the perfect time to take initiative. That means taking the time to do a home inventory. A home inventory is a listing of all your assets, from electronics to appliances and even your clothing. Store your inventory somewhere safe, like a bank deposit box or on a trusted home inventory app.

Staying Safe

While you may want to enter your home soon to recover what you can, it’s important to be mindful of danger. Never enter a residence if the floodwaters are deep enough to obscure the first floor. Know that electrical or gas lines may be damaged, which can lead to electrocution, breathing troubles, or fire. Wear sturdy shoes to protect yourself from broken glass, furniture, and dangerous animals such as snakes that you may accidentally step on.

Recovering Your Home

You should inform your flood insurance company as soon as possible to make a claim. Take pictures of your damaged property to aid in assessing damages. (This is where a home inventory is valuable!) Make sure you inspect your foundations for cracks and weaknesses in your walls and ceiling. Be wary of criminal activity such as looters or scammers. 

Benefit Insurance Services understands that flood recovery is a daunting task. If you live in Myrtle Beach, SC and are concerned about protecting your home we encourage you to reach out and talk to us today.

When can You File a Claim on Flood Insurance?

Even if you weren’t required by your mortgage company to purchase flood insurance for your Myrtle Beach, SC home, at Benefit Insurance Services we want to remind you of all the instances where it could protect your most valuable investment.

Hurricanes and Rainstorms

In our coastal neighborhood, the most obvious cause for flooding is the occasional hurricane and its accompanying torrential rainfall.  Even if you live miles from the ocean, small streams and gullies can overflow right into your basement. Flood insurance will help you repair the damage done to your home and get your heat and air conditioning working again.

Tidal Surge and Spring Flooding

Even if the hurricane is out to sea, we can experience a significant tidal surge. One minute you are high and dry and the next a surge of salty ocean water is flooding your garage, yard, and home. Rivers can also reach flood stage without Myrtle Beach, SC ever seeing a drop of rain. Your flood insurance will come into play in these circumstances. 

Water Main Breaks and Swimming Pool Collapse

Maybe your neighborhood is built far away from any body of water. But there are still water mains under the road–maybe in front of your home. Do you own a swimming pool?  When these types of structures fail, water appears where it has never been before. Your flood insurance will help you recover from such catastrophic damage.

What It Won’t Do

If your roof develops a leak, flood insurance will not help to repair water damage. It also does not protect you from a dishwasher or washing machine leak. The water must come from a source outside of your home.

Even if your home has avoided flood damage in the past, there is no guarantee you won’t see floods in the future. Give us a call at Benefit Insurance Services and ask how flood insurance can help to complete your home protection plan.

 

Do Vacation Homes Need Flood Insurance?

Just like you would put insurance on your primary home, your vacation retreat is just as important. Many vacation homes are located around a water source like oceans, lakes, and ponds, making it all the more important that you put flood insurance on them.  If you and your family has bought or rented a home around water, then it is wise to make sure you have the proper coverage. Here are a few reasons to buy flood insurance for your vacation home.

What flood insurance covers

Flood insurance for your vacation home covers two different types of properties, it covers the contents of the home and the structure. Each would have its own limits and deductibles. Of course, the exact type of coverage provided for contents in your home and the structure itself will depend on the policy you invest in. This is why it is so important to speak with your insurance agent about the specifics of your policy.

General Structure Coverage of Your Home Includes:

  • Carpet over an un-finished floor
  • Cooking stoves, refrigerators, and built-in appliances
  • Water heaters
  • Furnaces and central air systems
  • Plumbing and Electrical
  • Foundation

General Contents Covered Inside of Home Includes:

  • Dishwashers
  • Electronics
  • Furniture
  • Clothing
  • Washer and dryers

If you own a vacation home located near water, it is a great idea to get flood insurance quickly. Most insurance companies have a 30-day waiting period before your coverage goes into effect, making it all the more important that you apply now to ensure your home away from home is properly covered. If you would like to learn more information about flood insurance and the importance of protecting your vacation home with this type of policy, please contact Benefit Insurance Services today providing services to the area of Myrtle Beach, SC.

Are All Flood Insurance Policies the Same?

Flooding is typically something that is not covered by your home insurance policy. As such, you may be looking to purchase a separate flood insurance policy. This is something that we at Benefit Insurance Services, serving the greater Myrtle Beach, SC area, strongly recommend. If you are looking to purchase a flood insurance policy, you may find yourself wondering if all flood insurance policies are the same. Here is what you need to know when looking for a policy. 

What Type of Policy You Are Buying

When you are looking to purchase flood insurance, you have two options. You can purchase a private flood insurance policy or you can purchase a flood insurance policy from the National Flood Insurance Program. Private flood insurance policies vary in price from one company to another. They also offer different coverage levels and deductibles. Policies issued by the National Flood Insurance Program are fairly standard. The coverage level is pre-set and the price is the same, regardless of who sells it to you. 

What the Policy Covers

When you are looking to purchase a flood insurance policy, it is important to pay close attention to what is covered. Those offered by the National Flood Insurance Program typically cover water damage to your home and belongings. But they do not cover the cost of mold remediation, if mold forms because of the flooding. Private insurance policies often do, which is typically one of the major differences, aside from the coverage levels, between these two types of policies. 

If you do not have flood insurance, it is highly recommended that you purchase a policy. Here at Benefit Insurance Services, serving the greater Myrtle Beach, SC area, we can help you get a policy today. Contact us now to get started. 

What are the Flood Insurance Requirements?

Owning a home is a very important responsibility that needs to be taken seriously. For those that are in the Myrtle Beach, SC area, making sure their home is properly insured is very important. One important part of insurance for homeowners in the area is to have flood insurance. There are a number of different flood insurance requirements that property owners should be aware of.

Mortgage Lender

In the vast majority of situations, your mortgage lender will be the entity that requires you to have flood insurance. If you have a loan that is insured by the FHA, the federal government will require your lender to have you have a flood insurance policy if you are located in a designated FEMA Flood Zone. The flood zone map is updated regularly to show areas that have certain levels of flood risk. Beyond your mortgage lender, your home association may also require you to carry flood insurance.  

Insurance Coverage Requirements

While a mortgage lender will require you to have flood insurance if you are located in a certain flood zone, the amount that you actually have to pay for insurance will vary from one situation to the next. The flood insurance laws require you to have flood insurance coverage of at least the lesser of the outstanding balance on your mortgage or the otherwise insurable value of your home. The mortgage lender will also need to be a named party on your flood insurance policy.

For those that are in the Myrtle Beach, SC area and are wondering about their flood insurance needs, speaking with Benefit Insurance Services could be a great option.  Benefit Insurance Services will be able to help you to better understand your insurance needs and be able to get you the flood insurance that you need.

Why You Need Flood Insurance

A few inches of water in your home caused by the floods can bring in thousands of dollars losses. Unfortunately, it can be hard to predict when such a disaster could happen. The only thing you can do is stay prepared for it at any time, and the best way to do so is by purchasing flood insurance. It is the best step you can take to protect your home, family, and business in Myrtle Beach, SC and Benefit Insurance Services is here to offer you with comprehensive flood insurance policies to ensure that you are entirely protected. There are numerous reasons why you should consider purchasing this type of insurance coverage which includes;

Your standard homeowner insurance does not include flood

Even if you already have a homeowner insurance policy, you should not relax and leave it at that. The policy does not cater for flood losses, and you are therefore required to have a separate policy specifically designed for flood protection.

Flood damages are expensive 

Unlike other accidents or disasters, floods can take you back to zero level where you got nothing left. All your property and investment can be carried away within a short time which can be very frustrating and it could be hard to recover this with you in-pocket funds.

You cannot depend on federal government to pay you for the damage 

The federal government is only available to you if the head of state declares your area a disaster. That is the only time you can count on its compensation. Even when it is available, the payment is only a small interest, and it is, therefore, a wise investment to protect yourself with flood insurance.

Most homes are a flood zone 

You may feel like your home is a low risk of the flood but statics have shown that most flood claims are made by individuals considered to be living in such areas. Do not leave out any chances of being caught off guard. 

Make a point of purchasing flood coverage from Benefit Insurance Services today and get to enjoy these benefits and more. We are here to serve all Myrtle Beach, SC residents by offering the best services to leave you satisfied.

Prepare for Flooding During Hurricane Season

Floods are widespread and extremely costly. In Myrtle Beach, SC, the independent insurance agents at Benefits Insurance Services would like to share some important information with you to help you prepare for flooding during the hurricane season.

Heed Hurricane and Flood Warnings

A flood is an immense threat to communities. Water can rise way above sea levels and become stagnant in the streets. Even if you live in an area where flooding is not commonplace, water levels can easily reach your home during a storm. Hurricane and flood warnings are issued when the risk is imminent, so take them seriously and protect yourself.

Prep Your Home

Unplug devices, appliances, and electrical equipment. Make sure anything that must stay plugged in during the storm is placed on a surge protector. If your electricity shortens during the hurricane, your refrigerator should be safe if it is plugged into a surge protector.

Fill sandbags and place them outside as a barrier to prevent water from seeping indoors. Even a little water can damage rugs, furniture, flooring, and walls. You’ll need flood insurance to help with the damage that a flood causes after a hurricane has passed.

Move furniture, clothing, and equipment off of the floor. If at all possible, put it on the second level of your home.

Store Emergency Supplies

Keep a box of supplies in a place where you can get to them quickly. A medium-sized container or box should hold everything you’ll need during and after the storm.

  • First-aid kit
  • Flashlight
  • Canned food
  • Bottled water
  • Dry clothing
  • Rain gear
  • Prescriptions

Talk with your independent agents at Benefit Insurance Services in Myrtle Beach, SC before hurricane season begins. You should purchase flood insurance to protect you from the cost of repairs you’ll need if your home or property becomes damaged.

Reasons To Consider Purchasing Flood Insurance

Contrary to popular belief, flood insurance is not something that should just be for homes in flood areas. There are several reasons why you may want to consider flood insurance. If you have not considered it before, continue reading to see why it may be something you want to purchase for your home. 

  • Flood insurance is not likely included in your homeowners insurance policy. Many people think that flood coverage is included in their existing policy but it is one thing that homeowners insurance does not cover in the majority of cases. If you want it, you usually have to purchase it in addition to your current policy. Take a look at your policy to see if it is included.
  • Floods can happen anywhere. In fact, twenty percent of all flood cases happen in low to moderate flood areas. They can even happen without it raining. You could have a flood because of a pipe burst in your home or near your home. You could even have a flood in your home from an above ground pool that gives way near your home. There are many different possibilities. 
  • New construction areas are more prone to flooding. That is because there is not enough grassy areas that can absorb the rain during a storm. There is more standing water and it can cause damage to your home if it gets inside. If you live in a new construction area with roads and sidewalks, it may be a good idea to consider flood insurance as a way to protect your home. 

If you would like to get a flood insurance policy or take a look at your current policy, feel free to contact us at Benefit Insurance Services. We will be happy to explore options with you.