As we have seen in the recent months and years, flooding can occur at any time and during any season. Flood waters can cause severe and costly damage to your home. Understanding your home’s risk of flooding, and your flood insurance options, you can have the peace of mind knowing you are making the best decisions for your family and home. Here are three things you should know about flood insurance:
1. The most common disaster in the United States is flooding.
Flooding is the nation’s most common and most costly disaster. According to FEMA, floods occur in every region of the country and cause the most damage to homes compared to any other natural disaster. Not to forget, roughly 90% of all natural disasters involve some form of flooding.
2. Flooding is not covered under your homeowners insurance policy.
A standard home, condo, or renter’s insurance policy typically does not include flood coverage. Homeowners insurance policies may protect you against water damage, such as a pipe leak or hole in your roof, but will not cover flood-inducing factors such as torrential rainfall or storm surge. To be protected in the event of a flood, you must purchase flood insurance. Flood Insurance can be obtained through private carriers, like Florida Peninsula or through the NFIP.
3. Who needs flood insurance?
Depending on your home’s location, it can be at a higher or lower risk of flood damage. However, flood insurance is available to purchase even if you do not live in a designated flood zone. In fact, nearly 25% of flood insurance claims reported to the NFIP come from areas with a moderate to low risk of flooding.
Although we live in the “Sunshine State”, Florida is especially prone to experiencing flooding. Be sure your home is protected by purchasing flood insurance. Florida Peninsula offers a certified flood endorsement to eligible policyholders replacing the need for a standalone flood policy to cover personal possessions. Do not wait to learn if flood insurance is right for you after an incident occurs, contact your argent learn more about Florida Peninsula’s flood endorsement, to ensure your family has the coverage you need.
As one of Florida's top homeowners insurance companies, our number one priority is the safety of you and your family. Florida Peninsula provides coverage rich homeowners policies, flood protection, and partners with insurance professionals throughout the state who can ensure you have the coverage you need in the event of a loss. If you are in the market for a home insurance quote, give us a call at (877) 229-2244 or visit the get a quote section on our website.