Just a few inches of water can cause thousands of dollars in damage and most homeowners policies don’t cover flood damage. Every home or business is at risk of flood, so work with a agent to cover your property from loss.
More Information On Flood Insurance
Know Your Risk
We all live in a “flood zone” because any place is capable of flooding, given the right conditions. Even historically dry areas have been known to flood without warning. That’s why it’s important to protect your property with flood insurance, so you’re not left saying “I never thought it would flood here!” The question is, what type of coverage do you want?
- High Risk Zones: Homes in high risk flood zones are more likely to be damaged by flood than fire.
- Low-to-moderate Risk Zones: Even though homes and buildings outside of high-risk zones are not required to carry flood insurance, they still account for about 25% of all National Flood Insurance Program claims and they receive one third of Federal Disaster Assistance for flooding.
In other words, you don’t have to be near a body of water to be at risk. Anywhere it can rain, it can flood.
Flood insurance coverage options:
Preferred Risk Policy
Standard Risk Policy
Customers in high-risk areas can qualify for Standard Risk coverage for combined coverage, building only, or contents coverage only.
What does Flood insurance cover?
Flood insurance covers direct physical loss to your building and its contents caused by flooding.
Building Property coverage includes:
- Building and Foundation
- Electrical and Plumbing Systems
- Central Air Conditioning Equipment, Furnaces, and Water Heaters
- Refrigerators, Stoves, and Built-in Appliances such as Dishwashers
- Permanently Installed Carpeting over Unfinished Flooring
- Permanently Installed Paneling, Wallboard, Bookcases, and Cabinets
- Window Blinds
- Detached Garages, up to 10% of Building Property coverage
Contents coverage includes:
- Personal Belongings, such as Clothing, Furniture, and Electronic Equipment
- Portable Air Conditioners
- Portable Microwave Ovens and Portable Dishwashers
- Carpets not Permanently Installed over Unfinished Flooring
- Washers and Dryers
- Freezers and Food Contents
- Valuable Items such as Original Artwork and Furs, up to $2,500
- Replacement Cost Coverage is not available for Personal Property
- Debris Removal at Federal Minimum Wage, not subject to deductible
- Loss Avoidance Measures, $1,000 limit, no deductible
- Increased Cost of Compliance — Flood Proofing, Relocation, Elevation, and Demolition, subject to limitations and qualifying criteria
Who is eligible for coverage?
Flood insurance is available in all 50 states, as long as your community participates in the National Flood insurance Program (except in Coastal Barrier Resources System (CBRS) areas). Contact a agent for more information and to see if your community participates.