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Anthony Lancaster Insurance, Inc Blog

Category: Home Insurance

Why Aren’t Floods Covered By Standard Home Insurance Policies?

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Home insurance is a necessary part of homeownership and is often required to secure a mortgage. However, it can raise a lot of questions. For instance, why are incidents like theft and fires often covered by home insurance policies while disasters like floods are not? If the goal is to protect your home and ensure it’s covered during an emergency, wouldn’t protecting it against floods be a natural part of that? Let’s explore why standard home insurance policies don’t include flood insurance. When you’re ready to cover your home, the Anthony Lancaster Insurance Inc. team in Memphis, TN, is here to help!

Why Flood Coverage Isn’t Automatically Included in Your Standard Home Policy

So, why aren’t floods covered? The answer is quite straightforward. The damage that floods can cause is quite expensive, requiring more coverage than your standard home insurance typically provides. If insurance providers were to automatically include the costs of flood damages into home insurance policies, it would significantly raise your rates. This wouldn’t be beneficial to anyone, especially new homeowners already grappling with homeownership costs. By making flood insurance an add-on rather than a standard part of your home insurance policy, you save money.

Secure Your Home with Additional Flood Insurance from Anthony Lancaster Insurance Inc.

Home insurance is essential for keeping your home covered in the event of an emergency, but add-ons like flood insurance can further protect your property if you live in an area prone to flooding. Get flood insurance with us at Anthony Lancaster Insurance Inc. in Memphis, TN. Compare quotes now, or contact us if you have any questions!

What are the benefits of a home insurance policy in Tennessee?

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Anyone that lives in the Memphis, TN area will have plenty of great housing options to consider. One excellent option that all people have when it comes to finding a place to live is to own your home. Property owners here will benefit from a wide range of advantages that come to property owners. When you are going to own a property here, it is crucial to get it adequately insured. Several benefits come to those that invest in a home insurance policy.

Coverage for Assets

One of the main benefits of a home insurance policy is you will receive coverage for your assets. A property owner in Tennessee is going to have a very valuable asset that took a big personal investment. Additionally, they will have plenty of personal items that are stored in their home. When you get a full home insurance policy, you are going to receive the coverage you need to protect your dwelling and personal items.

Protection for Liability

Another advantage of having a home insurance policy is that you will receive protection for liability. There is always the risk that you could have a guest over that gets hurt or sick. When this occurs, you will want to make sure that you have the appropriate insurance coverage. A full home insurance policy will give you coverage to protect against this risk.

When you are shopping for a home insurance policy in the Memphis, TN area, you should call the team at Anthony Lancaster Insurance Inc. When you call the team at Anthony Lancaster Insurance Inc., you can learn a lot more about all of your insurance options. This will help to ensure you are able to choose the right policy for your situation.

  • Grange Insurance
  • Liberty Mutual
  • National General
  • Nationwide
  • Progressive
  • Safeco
  • State Auto
  • Stillwater
  • The Hartford
  • Travelers