Florida is a great place to live, but it can also be impacted by numerous tropical storms and hurricanes each year. These storms can cause widespread damage, whether it’s due to floods, wind damage, or power outages. Staying proactive by purchasing insurance for flooding is essential for anyone living in Deltona or the surrounding area. Most home insurance policies don’t cover the damages caused by flooding, which is why getting flood insurance is a necessity while preparing for summer storms.
Here are a few of the main things to consider if you are undecided about flood coverage.
Homes Outside of Flood Zones Are Still at Risk
Sometimes homeowners don’t believe that they need insurance for flooding if they aren’t living in a flood zone in Florida. However, a flood can still impact your home even if you live outside of these flood zones. For example, more than 20% of insurance claims for flooding happen to people that aren’t living in a high-risk flood zone. The safest option is to buy insurance for flooding to know that you are well-protected against the unpredictable events of mother nature.
Flood Damage Isn’t Covered By Home Insurance
One common misconception is that flooding is covered under a traditional home insurance policy. Unfortunately, many people don’t realize the difference until they have been impacted by a flood. Reaching out to your insurance agent is key in learning all of the details of your policy. Buying flood coverage will give you much-needed protection, as flooding is an all too common problem for anyone living in Florida.
Flood Insurance is Worth the Cost
Keeping costs to a minimum is often a priority for homeowners, as you may be tempted to avoid paying for flood coverage. However, the potential savings from not buying insurance for flooding isn’t worth the costs of flood damage. Typically, a basic insurance policy for flooding in Florida will cost around $550 each year. An insurance agency can compare all of your options to make it easy for you to find the best coverage available that fits within your budget.
Renters Also Need Flood Insurance
Flood coverage isn’t only for property owners, as renters can also purchase insurance for flooding to cover all of their personal belongings from water damage. Most insurance policies for renters will cover any water damage from a leaking roof or broken pipes, but it doesn’t provide coverage for flooding. Choosing to buy insurance for flooding is a great way to give you additional protection while also providing you with greater peace of mind.
Mortgage Lender May Require Flood Coverage
You will need to buy flood insurance if your home is located in a high-risk flood area and your mortgage is with a federally regulated bank. While insurance for flooding isn’t federally required for homes in moderate or low-risk zones, it’s possible that your lender will require it. Choosing to carry flood coverage is always the safest option for anyone living in Florida due to the high risk of flooding throughout the state.
What is the Best Way to Buy Insurance for Floods?
Deciding to buy coverage for flooding is important in keeping your house protected against the risk of floods. Working with an insurance agency is a great way to look at all of your available options to find the most affordable policy to meet your needs. You can give an insurance agency a call or visit their office to discuss your coverage choices. Staying proactive by purchasing insurance for flooding is a great way to gain peace of mind.
How Much Does Flood Insurance Cover?
Insurance for flooding is often purchased from the National Flood Insurance Program (NFIP). The federally regulated program offers two policies, as one will provide coverage for your home and buildings for up to $250,000 while the other policy covers your personal property for up to $100,000. You can either choose to buy one or both policies. An insurance agent can work with you in discussing all of your options to help you find the best insurance policy to meet your needs.
Check Out the Details of Your Policy
Knowing all of the details of a flood insurance policy is key before you make any decisions. Understanding the estimated value of the different categories for items in your home is essential in making sure you have plenty of coverage for damages. Some categories have limits, as you may want to consider additional protection. Going over the details of your insurance policy with an insurance agent will help you determine the right amount of coverage to ensure you are well-protected.
Contact Wellcovered Insurance to Learn More About Flood Insurance
Wellcovered Insurance is one of the top agencies in Florida that partners with over 30 insurance providers in the nation. Our team can help you find the best flood coverage available, as we are constantly investing in the latest tech to make it easy to compare quotes from all of the major insurance carriers.
We also realize that everyone’s needs are different, as we are constantly striving to offer the best customer experience. You can call us at any time or visit our local office in Orange City. Our team can easily provide you an auto quote in 15 minutes, while it takes only one or two business days for a home quote.
Wellcovered Insurance also provides many other insurance options, whether you need rental property, boat, general liability, commercial auto, mobile home, and much more. Our company is one of the top-rated insurance agencies on Google Reviews, and we maintain an active role in the local community.
Give Wellcovered Insurance a phone call today at 386-218-4951 to learn more about flood insurance!