| Going without homeowners insurance is not a smart | | | | route in terms of coverage, but buying flood |
| move if you own a home, but you also have to | | | | insurance from a separate provider can often times |
| make sure that there are no holes in your | | | | be unnecessarily expensive. |
| homeowners insurance plan. | | | | 3. Only buy insurance plans that cover flood insurance. |
| What isn't always covered: | | | | This is the smartest, best, and cheapest route to go. |
| -Flood damage. One of the most common ways a | | | | -Hurricane damage. If you live alongside the east |
| house is compromised or damaged is through a flood, | | | | coast, you need to make sure that you are well |
| and often times homeowners insurance conveniently | | | | covered in case of a hurricane. You can board up |
| leave out flood protection in the fine print. You can | | | | your house all you want, but I think it is pretty |
| do one of three different things to combat this: | | | | obvious that doing so will still not stop a hurricane |
| 1. Do nothing, this is the least responsible and most | | | | with winds of over 100 miles per hour. In many |
| popular way of dealing with most problems. Your | | | | cases, most of the monetary damage done to a |
| house is the biggest, most important investment you | | | | house after a hurricane is from flooding, so this could |
| will ever make, you can not leave your future up to | | | | potentially be a double whammy if you do not have |
| a game of chance. | | | | either type of insurance. |
| 2. Buy flood insurance separately. This is a decent | | | | |