Do I need contents or structural flood coverage?

Whether you own or rent a home in a high-risk flood area in or near Escanaba, MI, you need flood insurance to protect yourself. The coverage comes from Luft Insurance Agency, but the type of coverage – contents or structural – differs if you own the home or rent it.

For A Homeowner

If you own your home and use it as your primary residence, you need both structural and contents insurance.  Structural insurance protects your building and the property, including fences, docks, etc. Contents insurance covers all of the items inside your home, including your clothes, stereo, TV, furniture, computer, etc.

For a Landlord

If you own your home and use it as a rental property, you need structural insurance. You would only need contents coverage, too, if you furnished the house. Structural insurance means you insure your building.

For a Renter

If you rent a home, apartment, or condo, your insurance policy should cover the contents. The building owner takes care of the structural insurance. You only need to worry about your furnishings and clothing, plus electronics. A contents-only policy covers this.
All of the flood insurance comes from our local office, but it gets backing from the National Flood Insurance Program (NFIP). This means that the US government guarantees coverage, protecting you from loss even in such catastrophic events as the flooding that occurred in New Orleans as a result of Hurricane Katrina. Regardless of the scale of the flood and the damage caused, your insurance will cover it.

Contact Luft Insurance Agency serving Escanaba, MI today to learn more about flood insurance and how it can protect your home investment and belongings. Let us help you keep your home investment safer.