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Can I get Flood insurance if I have a duplex?

Posted on by agentinsure

Insuring a duplex is similar to insuring a conventional single-family residential home. Though there are nuances to duplex insurance, there is also significant overlap with insuring other domiciles.

Is it possible to obtain flood insurance for a duplex?

Attain Insurance, serving, the entirety of Fort Payne, AL, has all the information you need.

Duplexes and Flood Insurance

It is possible to obtain flood insurance for a duplex. Even if the duplex you are considering buying or renting is not located in a flood zone, obtaining flood insurance is in your interest as all properties have the potential to flood.

In some instances, if the duplex consists of one structure with two units, there is the potential to cover it with one overarching policy. 

Why Duplex Flood Insurance is Important

Flood insurance coverage for duplexes is particularly important as standard home insurance policies and landlord policies are typically insufficient. These two traditional insurance policies usually do not provide coverage for flood damage.

Take a deep dive into flood insurance and you’ll find it is possible to obtain coverage for the structure of the building itself including the floors and walls. There is also the option of obtaining separate insurance coverage to protect money invested in personal property.

Keep in mind, both renters of duplexes and the owners of such structures are empowered to purchase flood insurance to protect their property.

Attain Insurance is at Your Service

Are you in the market for flood insurance or other insurance? Attain Insurance, serving Fort Payne, AL, is here to help. Give us a call at 256-845-8979 for a quote.

Does Flood Insurance Cover Mold Removal?

Posted on by agentinsure

Floods have devastated towns near Fort Payne, AL, leaving behind a trail of destruction. Homes are often submerged in water, forcing homeowners to sift through soaked belongings and salvage what they can. Even after the water recedes, mold can spread throughout the home, making it uninhabitable. While some insurance policies may offer assistance, coverage often depends on specific circumstances.

Understanding Standard Policies

Many standard homeowners’ insurance policies exclude mold removal, considering it the homeowner’s responsibility. However, some companies may provide coverage in certain situations. For example, if safety concerns or restrictions from authorities prevent you from removing water promptly, your insurance company might cover mold remediation costs.

Common Exclusions to Coverage

Private insurance companies may offer mold removal coverage, but exclusions are common. These exclusions often apply to standard insurance providers as well. Insurers typically assess whether water was removed promptly after a flood. Mold removal may only be covered if safety concerns or official restrictions prevented you from entering your home to address the water damage.

If you delay cleanup for several weeks and cannot prove that authorities restricted access to your home or that it was unsafe, your claim may be denied due to a lack of preventative maintenance. An agent at Attain Insurance can provide further clarification on these policies.

Previous Issues That Impact Claims

Claims are often denied if a homeowner had pre-existing issues that contributed to mold growth. For instance, a leaky pipe or roof may have already caused mold to develop before the flood. In such cases, the flood may have accelerated mold growth, but the insurer may not consider all the mold damage to be directly caused by the flood.

Understanding what your policy covers can be challenging. The experienced agents at Attain Insurance are here to help. Contact us today to learn more. We proudly serve the Fort Payne, AL, area.