Flood Insurance Coverage
Flood Insurance should be purchased to protect your asset from losses associated with flooding. In general, covered flooding includes a general flooding condition in your neighborhood but does not cover ground water seepage.
While Flood Insurance isn’t mandated by the state, it is common for mortgage lenders to require coverage, especially if your property is in a high-risk flood zone. Even if your property isn’t located in a designated high-risk flood zone, you might want to consider purchasing coverage as 25% of flood damage occurs outside of the high-risk areas. Flood damages can result in the loss of dwelling, flooring, walls, personal property and appliances and cost thousands of dollars to replace or repair.
Remember that homeowners’ and renters’ insurance policies typically don’t include damages caused by flooding.
NOTE that you cannot secure coverage once a storm has been named or predicted. Also, most Flood policies take up to 30 days to go into effect.
We have access to many top-rated carriers that offer flood insurance.