Insurance Info

Floods come in all sizes, from the epic Noah and his ark size flood to the smaller, though damaging, flood from a broken dishwasher seal or hose. The time to prepare is before the water starts to flow.

For weather related floods, contact your county planning department to determine if your home is in a flood prone area. Find out what the local warning signals are. Know the evacuation routes and where emergency shelters are located. Practice flood evacuation with your family and have an out-of-state contact in case you get separated. Make sure everyone knows the contact’s name, address, and phone number. If you have a second floor, put valuables upstairs to avoid water damage.
Keep the gas tank full in your vehicle. Continue reading ‘Are You Ready For a Flood?’ »

The National Flood Insurance Program (NFIP) regulates insurance agencies as well as the cost of insurance. They also deal with many of the flood damage claims that come in. In most states, you can purchase flood coverage through the same company that sells homeowner’s insurance, but in states where this is not available, the NFIP is there to help. However, many times, the insurance offered by the NFIP is inadequate in the event of a major flood. For this reason you will want to cover yourself with extra water damage coverage insurance.

Excess flood insurance is coverage for above and beyond the NFIP maximum set amounts. When you purchase primary insurance through the National Flood Insurance Program, you will be insured for a maximum of $250,000 for your home, $100,000 for the contents, and $500,000 for businesses. While this amount is typically adequate for modular homes and single-story houses, larger homes could be far more expensive. With these more expensive homes, $250,000 might make a large dent in the cost to cover minor flood damage, but in the event of severe damage or total loss, homeowners could be paying quite a bit out of pocket. This is why getting more insurance is important. Continue reading ‘Be Protected – Obtain an Excess Flood Insurance Quote’ »