flood Insurance:
Protection You Can Trust, Savings Always On
What is
Flood Insurance?
Flood insurance provides financial protection for your home and belongings against water damage caused by flooding. Standard homeowners insurance does not cover flood damage, so a separate flood policy is essential if you live in a flood-prone area or
want peace of mind.
Flooding can result from:
- Heavy or prolonged rain
- Melting snow
- Coastal storm surges
- Blocked drainage systems
- Levee or dam failure
Even an inch of water can cause over $25,000 in damage. Don’t leave your home and finances vulnerable—protect them with flood insurance.
Key Coverages for Commercial Landlords
1. Building Coverage
Building coverage protects the structure of your home, including:
- Foundation walls, plumbing, and electrical systems
Water heaters, furnaces, and HVAC systems - Built-in appliances like dishwashers and stoves
- Permanently installed carpets and cabinets
- Detached garages (up to 10% of the building coverage limit)
Example: If a flood damages your home’s foundation and built-in cabinets, building coverage pays for repairs up to your policy limit.
2. Contents Coverage
Contents coverage protects your personal belongings inside the home, including:
- Furniture, clothing, and electronics
- Curtains and portable appliances (e.g., microwaves and air conditioners)
- Washers, dryers, and carpets installed over wood floors
Example:
If floodwaters destroy your furniture and electronics, contents coverage reimburses you
for their actual cash value (depreciated value).
NFIP vs. Private Flood Insurance
National Flood Insurance Program (NFIP)
The NFIP is federally backed and offers:
- Up to $250,000 in building coverage
- Up to $100,000 in contents coverage
NFIP policies are standardized but may have limitations:
- Contents are covered at actual cash value (not replacement cost).
- Coverage limits may not be sufficient for high-value homes or belongings.
- A 30-day waiting period applies before coverage begins.
Private Flood Insurance
Private insurers offer more flexible options:
- Higher coverage limits (up to millions for buildings and contents)
- Replacement cost coverage for personal belongings
- Shorter waiting periods (as little as 10 days)
Full coverage is ideal if:
1. You have a newer or financed vehicle (required by lenders).
2. You want protection against theft or natural disasters.
3. You cannot afford to replace your car out-of-pocket after an accident.
How Much Coverage Do You Need?
Recommendations Based on Your Needs:
1. For Homeowners in High-Risk Areas:
Consider both building and contents coverage to protect against catastrophic
losses.
- Example: $250,000 building + $100,000 contents through NFIP or higher
limits with private insurance.
2. For Homeowners in Moderate-to-Low Risk Areas:
Even outside high-risk zones, flooding can occur. Private flood insurance offers
flexible options for broader protection.
3. For Renters:
Renters should consider contents-only policies to protect personal belongings
since landlords policies don’t cover tenants property.
Why Choose Us?
With so many options available from both NFIP and private insurers, finding the right flood insurance can be overwhelming.
That’s where we come in:
- We compare quotes from multiple providers to find the best coverage at
competitive rates. - Our licensed agents provide personalized advice based on your home’s location
and risk level. - As a virtual agency, we save you time and money—no broker fees when you buy
online!
