Category: Home Insurance

For some people, thoughts of flooding and flood insurance never cross their minds because they don’t live in an area that typically floods. However, living in an area like Flatwoods, KY can make it more of a priority.

A common misconception among people nationwide, regardless of flood risk, is the belief that their home insurance policy provides coverage in case of flood damage. Unfortunately, they often find out this is not the case too late.

Am I Covered for Flood Damage?

Most standard home insurance policies do not cover flood damage. Water damage is generally not covered except in sudden, unexpected events such as bursting water heaters. The specifics, however, vary by policy.

If you examine your home policy, you’ll typically find that flood damage is expressly excluded, but this depends on your specific contract. Some policies list covered perils, while others list exclusions, meaning anything not explicitly excluded is covered. This can get confusing, but our Roark Insurance Agency team can help clarify whether your current policy covers flood damage.

Should I Add Flood Coverage?

While Kentucky law doesn’t require flood insurance, the state has experienced too many floods to ignore. A flood can be devastating to you and your loved ones. If it damages or destroys your home, the devastation increases as you try to pick up the pieces and recover. Flood insurance can help you get back on your feet more quickly.

At Roark Insurance Agency, we want to ensure that all residents and families in Flatwoods, KY, have the flood coverage they need. Call or stop by today for the protection and peace of mind you deserve.

Preserving and maintaining historic properties in and around the Flatwoods, KY, region presents unique insurance challenges for homeowners. They must navigate specialized coverage considerations to protect these valuable assets. From restoration projects to ongoing maintenance, homeowners of historic properties face distinct risks that require tailored insurance solutions.

Coverage for Restoration Projects

Restoring a historic property often involves extensive renovations and repairs that can impact insurance coverage. Homeowners may need specific insurance policies, such as builder’s risk insurance or renovation insurance, to protect against risks associated with construction activities. These policies typically cover property damage, theft, and liability during restoration.

Valuation and Replacement Cost

Valuing historic properties accurately presents challenges due to their unique architectural features, craftsmanship, and historical significance. Homeowners should work with insurers experienced in historic preservation to assess replacement values and ensure sufficient coverage for rebuilding or restoration in case of damage or loss.

Liability and Public Access

Historic properties often attract public attention and may be used for events, tours, or educational purposes. Homeowners should consider liability risks associated with public access and activities on the property. This will save owners from a major headache in the long run. 

Preservation Restrictions and Compliance

Historic properties may be subject to preservation restrictions and compliance requirements imposed by local landmark preservation boards or organizations. Failure to comply with preservation regulations could impact insurance eligibility and coverage for the property.

Specialized Insurance Providers

For homeowners seeking comprehensive coverage and expert guidance, working with insurers specializing in historic preservation insurance is essential. These insurers understand the risks and challenges associated with historic properties and can tailor insurance solutions. 

Let Roark Insurance Agency Inform You

Roark Insurance Agency helps answer home insurance questions and serves the Flatwoods, KY region. Call us today.

Taking out home insurance is a must. For one, many mortgage lenders will require homes to be insured as it protects the assets that the mortgage is tied to. Home insurance provides many other benefits as well and can reduce the risks you and your family are exposed to. If you’d like to explore home insurance policies, contact  Roark Insurance Agency, serving Flatwoods, KY and other areas nearby.

Before looking at specific ways home insurance can protect families, it’s crucial to keep in mind that what is and is not covered by a homeowner’s insurance policy can vary a lot. It’s crucial to read the fine print of any insurance policy closely.

Some Ways Home Insurance Can Protect Families

Insurance policies are designed to reduce the risk of accidents and other incidents. If a tree falls on your home, the repair bills could quickly reach into tens of thousands of dollars, if not more. Many families will struggle to recover after such events but insurance may pay for the damages.

Insurance policies are designed to protect against relatively rare events. Trees fall on homes, yes, but many homeowners will go their entire life without suffering such a catastrophe. However, those unlucky homeowners that do have a tree fall on their home stand to lose a lot.

Home insurance policies may protect homes from many things, including burst pipes, hurricanes and other weather events, home fires, and break-ins.  Some home insurance policies will also provide coverage for things like dog bites. In some cases, dog bites that occur off of the homeowner’s property may also be covered.

Reach Out To Us!

Once again, however, it’s crucial to read specifically what is and is not covered by any insurance policy you’re considering. If you’d like to explore home insurance policies, get in touch with Roark Insurance Agency, serving Flatwoods, KY and folks who live nearby.