Flood Insurance in South Carolina

Understanding Flood Insurance in Lexington, SC with Stedman Insurance Group

At Stedman Insurance Group, conveniently located in Lexington, SC, we know firsthand how devastating flood events can be. We also understand that most traditional homeowners' policies don't cover flood-related damages. Therefore, regardless of whether you're next to a large body of water, it's important to consider acquiring a standalone flood insurance policy.

Why You Need Flood Insurance

Doesn't my regular insurance cover floods, you might ask? Surprisingly, most homeowners' and renters' policies exclude flood damage. Even flooding caused by heavy rains might not be covered. This is where flood insurance comes into play. It's designed to aid in recovering from damage to your home and losses of personal belongings due to flood-related issues.

Common Myths about Flood Insurance

One common myth suggests flood insurance is only for homes in high-risk flooding areas. In truth, 20% of flood insurance claims come from properties outside of designated high-risk areas. Remember, floods can be triggered by several events, including intense rainfall, rapid snow melt, dam overflow, and even new land developments that alter water runoff patterns.

What Does Flood Insurance Typically Cover?

Most standard flood insurance policies include coverage for:

• The physical structure of your home and its foundation.
• Built-in systems, such as plumbing, HVAC, and electrical systems.
• Permanently installed fixtures such as blinds, bookcases, cabinets, and flooring.
• Large appliances, including refrigerators, washing machines, dryers, and stoves.
• Personal property that might be damaged in a flood.

Insurance is about preparation, and the Stedman Insurance Group is there to help fellow Lexington, SC residents prepare for the unpredictable. Flood insurance provides that pivotal layer of protection that can mean the difference between a swift recovery and a lasting financial blow. Contact our professional team today, understand your options, and secure your peace of mind.