What is Loss of Use in Flood Insurance?

Are you looking to find a proper flood insurance plan? This is a type of insurance that works to protect you in the event of flooding. If you live in a high-risk flooding region like Texas or Georgia, then it’s recommended that you purchase an insurance plan for financial coverage. While shopping for flood insurance from Bingham Insurance Group, finding a plan that includes specific policies like loss of use is essential.

What is Loss of Use?

Loss of use is an insurance policy that pays for housing and living expenses. Water damage is corrosive, often making the home unlivable for the residents inside. Some people decide to temporarily stay in hotel rooms while waiting for renovations to take place. In the event that your house becomes uninhabitable from a flood, you’ll need enough money to pay for additional expenses as the basic plan pays for repair costs or renovation. Loss of use will come in handy for your housing needs, especially if you have living expenses that go above the regular cost of living.

While shopping for a flood insurance plan, ensure it includes loss of use as a policy. There are also other flood insurance policies to search for, like loss of belongings with furniture or home decor. 

Loss of Use Insurance in Braselton, GA

If you’re a Braselton resident looking for a flood insurance plan, you should speak to an agent with the Bingham Insurance Group. Our flood insurance coverage includes policies like loss of use and protecting our customer base from strained financial situations. If you want to hear more, contact our agency at 706-684-0040 to schedule an appointment.