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Over the next several months, millions of Americans might find themselves at risk for flooding and other major weather incidents that could lead to their homes facing significant water damage. While this is unfortunately still quite common in many parts of the country, a large percentage of homeowners might mistakenly assume that their home insurance policies will cover them in the event that all or part of their home is flooded, and it might therefore be helpful for insurance agents to do more to be proactive in explaining the ins and outs of these plans to clients.

Millions of Americans own homes that are in flood plains, and have home insurance policies to cover them in the event of damages, according to a report from Knoxville, Tenn​essee, television station WATE. However, it's important for them to understand that all water damage they might suffer in the course of living there is not created equal in the eyes of their insurance companies. For example, many policies don't cover water damage in and of themselves, but instead have to have additional policies purchased to go along with them. This is generally done as a means of making sure that insurance companies are adequately protected against the risk of covering homes that are more likely to be hit with major damage.

Understanding what is covered
The big problem with such an issue is that many consumers might not understand their coverage, and therefore mistakenly think that if their home is flooded that they will be covered in much the same way as they would have as a result of wind damage, for example, the report said. However, those who are hit with such flooding might find that much of the damage their homes took will have to be covered out-of-pocket.

If, in going through their policies with their insurance agents, homeowners across the country find that their properties aren't protected in the ways they thought, the price of the additional coverage might end up being something of a deterrent to them. As such, those agents might need to do more to make sure that they're meeting all their clients' needs in other ways. This might help them remain content with their coverage so they do not begin shopping around for what they think are better deals which might, in the end, not offer such significant savings in the long run after all.

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