I’m not in a flood zone, why should I get flood insurance?

Wherever it can rain, it can flood!

Did you know that 30% of all flood insurance claims happen in low to moderate-risk flood zones? Just 1 inch of water can amount to more than $25,000 in damages to a property. Yikes!

Flooding ranks as one of the most common and costly natural disasters in the United States. No matter what state you live in or if your property has seen flooding or not. Floods can happen anywhere and anytime. According to FEMA, there’s a 26% chance that you will have a flood at some point during your 30-year mortgage.

So, whether you live in the city or have a view of the beach, we recommend flood insurance for all our clients to provide protection and peace of mind before the next big storm hits the East Coast!

Are floods covered under my homeowner’s or renters’ policy?

Standard homeowner’s and renters insurance policies do not include flooding. Flood insurance is a separate policy through the Federal Emergency Management Agency (FEMA) or a private flood market that provides coverage for any loss or damages to your property due to flooding.

Can I purchase flood insurance during hurricane season?

Yes, you can! Hurricane season is from the first of June to the end of November. Keeping that in mind, most policies have a 30-day waiting period before coverages go into effect. This means any damage caused by flooding before or during those 30 days will not be covered.

What is covered with flood insurance?

According to FEMA, the insurance policy will cover the replacement cost of your home or the actual cash value of damages up to the policy limit.

If you have any questions, please feel free to reach out to our flood insurance experts via phone or online chat!