That is a good question.... I sometimes wonder if I need flood insurance or not. I am NOT located in a flood plane, so conventional wisdoms, says, I don't need it or am not required [by mortgage co.] to have it.
However, I have been here through a couple of the huge summer downpours, where we receive several inches of rain in a short time. All of our storm water goes to the retention ponds, thoughtout The Villages. After these downpours, I have seen the ponds very full. I'm wondering what would happen if storm water were not able to drain into the ponds or if the water backs up into the streets and eventually into our homes. I recognize this would take a lot of rain, but I'm thinking a tropical system, lasting more than a day with several of inches of rain per day might overwhelm the drainage system.
In this scenario, your homeowners insurance would not cover any damage from water coming into your home and you'd be out of pocket for any damages.
Have others consider this possibility or am I just being paranoid ??
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