Is buying extra insurance coverage to protect your home a good idea?

in Business/People

KNOXVILLE, Tenn. (WVLT)- Recent heavy rains are leaving many East Tennesseans cleaning up or drying out. Flooded basements and damaged roofs have people wondering: Is this covered by insurance? In Tennessee, flooding is not normally covered by homeowner’s policies. We asked a Knoxville insurance agent if it’s worth the cost to take out extra coverage.

“In most cases no,” said Mike Lewis with State Farm “There are actual limitations on the coverage of the plan for any area that is below ground level. So, that is a walkout basement or lowered basement. Things like personal property is not covered, carpet is not covered, wall coverings are not covered. So the things that most of us would have wanted coverage for. That’s not a solution.”

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