Your homeowner policy does not protect you in the event you suffer a loss caused by flood damage. Flood coverage is provided under a separate policy through a select group of insurance companies that offer this protection that is managed by the government. Premiums vary depending upon your location, if you are in a high (standard) or low (preferred) risk flood zone. The low risk or preferred zones offer very affordable priced policies.
The maximum amount of coverage available on your dwelling is $250,000 with a maximum amount of $100,000 available for contents. You can obtain higher limits through the excess flood market,
which our agency has access to as well for additional premium. These policies also offer various deductible options that can lower your premium.
There is a 30-day waiting period after your application has been submitted unless you are closing on a loan so be sure to apply in advance of when you want your coverage to take effect.
Our agency represents two reputable flood insurance companies: Travelers Flood Insurance Program and Selective Flood Operations. Please contact us for more information or a no obligations quote.
Two informative sites to visit are www.floodsmart.gov and
www.fema.gov to learn more about flood insurance.