Let’s talk about flood insurance. Even if you think you already have some, now’s the time to review your exact coverage.
Who needs flood insurance? Well, to be honest, you do.
No home is guaranteed safe against the threat of flooding, and living in Florida dramatically increases the risk. Why? Because the entire state of Florida sits at or slightly above sea level. Our vast and beautiful coastlines, ponds, rivers, and creeks are all at risk for flooding at any time.
Do you and your family live in a flood zone? Even if you don’t, did you know that 20% of all flood claims come from outside the high-risk area? You do now!
A standard homeowners policy won’t cover you in the event of flood damages to your home. If you’re wondering how serious a little flood damage could be: even one inch of standing water in your house can net you a repair bill upwards of $25,000. Without added coverage for flood insurance, your policy won’t cover any of that costly damage to your home.
Are you prepared to pay for those damages out of pocket, or to take out another loan to cover them?
- Homeowners and renters insurance do not typically cover flood damage.
- More than 20% of flood claims come from properties outside high-risk flood zones.
- Flood insurance can pay whether or not there is a Presidential Disaster Declaration.
- Most federal disaster assistance comes in the form of low-interest disaster loans from the U.S. Small Business Administration (SBA) and you have to pay them back. FEMA offers disaster grants that don’t need to be paid back, but this amount is often much less than what is needed to recover. A claim against your flood insurance policy could, and often does, provide more funds for recovery than those you could qualify for from FEMA or the SBA — and you don’t have to pay it back.
Fill out the form to get your quick, free quote now, use our chat box to instantly connect with an agent, or give us a call. In just five minutes, one of our friendly and knowledgeable agents will work with you to make sure you have all the coverage you need.