Flood Insurance Protection
Minimal amounts of water, just and inch in your home or building, can cause significant structural damage. Flooring, molding, wallboard, electrical, plumbing, and even heating and air conditioning systems can all be damaged by even a minor flood event. Cleanup and mitigation costs are a major percentage of every loss. Flood insurance means you’ll be reimbursed for all covered expenses.
Flood insurance policies require a 30 day waiting period for coverage to go into effect. The waiting period can be waived if a lender is requiring the coverage due to a new home sale or increasing, extending, or renewing a loan.
Flood Insurance Quotes
Our simple flood quote form is all that is needed to get the process started. Complete it in full and an agent will be in touch with you in short order. Our form actually includes all the information needed to quote a private flood insurance policy, a program offering the same coverage as the NFIP but with a greatly streamlined application process.
Determining your risk of flood can be determined by by contacting us or by using FEMA’s flood mapping tools. If using FEMA’s tool, plug in your address and hit Search. On the resulting page, I find “Interactive Map” the most useful.
Definition of “Flood”
For coverage to apply, a flood needs to occur. Most flood insurance policies recognize a very broad definition of “flood” which is:
“A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from: overflow of inland or tidal waters; and unusual and rapid accumulation.”
Floods are caused by multiple issues, acting alone or together with others.
- Excessive rainfall
- Tropical storms
- Storm surge, rising waters
- Winter runoff, Spring thaw
- Dam failure or overload
- Levee failure or structural degradation
- Fire – increased runoff due to reduced vegetative uptake
- El Niño and similar weather cycles