Flood Insurance
Get In TouchFlood Insurance For All of The Florida Panhandle
Did you know the highest ranked natural disaster in the United States according to FEMA, is flooding? Many homeowners in Florida are surprised to learn their homeowners insurance policies don’t cover flooding events. That’s right: Most homeowners policies won’t cover flood damage.
This fact puts residents along or near Florida’s Gulf Coast in a difficult position. For coastal residents and others who live in flood-prone areas, proper flood coverage isn’t optional—it’s an absolute must.
Where Can I buy Flood Insurance in Florida
Did you know the highest ranked natural disaster in the United States according to FEMA, is flooding? Many homeowners in Florida are surprised to learn their homeowners insurance policies don’t cover flooding events. That’s right: Most homeowners policies won’t cover flood damage.
This fact puts residents along or near Florida’s Gulf Coast in a difficult position. For coastal residents and others who live in flood-prone areas, proper flood coverage isn’t optional—it’s an absolute must.
How Does Typical Home Insurance Define Flooding?
If a pipe in your home busted and flooded your floor, would it be considered a “flooding event” and thus, not reimbursed by your homeowner’s policy? Or would it be covered?
If you answered, “Yes, this event should be covered under my home insurance policy” (or something similar), you’re correct. A flooded floor or other water damage to the home caused by a busted pipe (or even a malfunctioning appliance) would likely be covered by a typical homeowners insurance policy.
What kinds of events then, are classified as “flooding” and are thus not covered under a standard home insurance policy? Obviously, a heavy rainfall event wherein water rose into your home would be considered flooding.
However, other kinds of damage classified as “flood damage” under standard home insurance and flood insurance policies aren’t quite so obvious. In other words, your house doesn’t need to flood with rainwater to sustain “flood damage.” As specified in typical homeowners and flood insurance policies, flood damage also includes:
- Rain Damage
- Storm Surge Damage
- Mud Damage
It’s a guarantee that your existing home insurance (or any home policy you’re considering for purchase) won’t cover the above events.
What Type of Florida Flood Insurance Do I Need?
Our dedicated Flood Team at Asset Insurance Agency will work with you to determine the Flood Zone your Home is in and explain ways that you may be able to lower your cost of Flood Insurance. We can determine the correct amount of coverage for your property and provide options from multiple Flood Insurance companies in the sunshine state.
NFIP flood insurance policies come in two types:
Standard Flood Insurance
These policies are designed for residents who live in communities with an active and ongoing flood management plan. Such communities must also be able to demonstrate that they have enacted certain NFIP guidelines to reduce flood-based damages.
Preferred risk Flood Insurance
These flood policies are designed for residents living in low-to-moderate risk zones. Such residents aren’t necessarily required to purchase flood insurance but have this option in case they experience a small flood or even an unexpectedly large one. Since preferred risk buildings are in an area less likely to experience a flood loss, property owners pay less money for the same amount of coverage.
Contact Asset Insurance for A Free Flood Insurance Quote
At Asset Insurance, we are passionate about proper flood insurance coverage. We believe that our professional responsibilities are not to a corporation, but for our clients. We don’t work for the insurance industry. We work for you!
Asset Insurance offers free, comparative quotes on flood insurance, assuring you of the best possible rate. Want to see how much we can save you on flood insurance? Call Asset Insurance today! For a free online flood insurance quote, simply fill out this form!