Be Educated. 

 

Flood loss can happen at anytime or anywhere and is not covered under a homeowner’s policy. Heavy rains such as costal hurricanes, violent storms, overflowing waterways or local downpours can all cause major floods. This is why you need a flood policy which will help repair or replace your home and contents that are damaged from the rising water. A standard flood policy can be purchased by any property owner no matter what flood zone in which they are located. A preferred risk flood policy can also be purchased for property owners not located in a flood zone.
 

Benefits Of Flood Insurance 

 

• More than 20 percent of flood claims come from outside of mapped Special Flood Hazard Areas.

 

• Flood insurance policies are continuous, and are not non-renewed or canceled for repeat losses.

 

• Flood insurance reimburses you for all covered building losses up to $250,000 for residential occupancies and up to $500,000 for businesses. Contents coverage is also available up to $100,000for residential occupancies and up to $500,000 for businesses.

 

• The average cost of a flood insurance policy is about $600 annually. The cost of a preferred risk policy is less than $200 annually, if you live in a moderate-to-low-risk area.