If your property is located in a flooding prone location, then you might want to consider getting flood insurance. Even if your home is not located in a high risk of flooding location, all 50 states of America have experienced flooding, so flood insurance is a decision you want to think about carefully. In communities that are participants of the National Flood Insurance Program (or NFIP), you can purchase flood insurance policies there. In addition, you can purchase it through insurance agents, but keep in mind that this coverage is not included in home insurance policies. To help you find the best flood insurance and top Florida homeowners insurance companies, we broke down what you need to know about flood insurance.
What is Flood Insurance?
Flood Insurance provides you, your home, and personal belongings the protection it needs in the face of a flood. Coverages that Flood Insurance provides:
Building Property Coverage – covers the whole structure of your home. This includes, central air, electrical, air heating, and plumbing systems; attached furniture and paneling, and a detached garage. If you have other detached structures, then you will need to purchase their own insurance policies.
Personal Contents Coverage – protects certain valuables like art (limited), clothing, curtains, electronics, freezers (and the foods inside them), furniture, and portable appliances.
In addition, Flood Insurance provides a small percentage of protection when it comes to basements and crawl spaces. Depending on the policy that you have, it can cover your furnace, dryer, and washer.
What is Not Included in Flood Insurance?
Although Flood Insurance seems like it provides a lot of coverage, there are still a small list of what they do not cover in their policies, like:
Money, paper valuables (Ex: stock certificates), and precious metals
Outdoor decorations, furniture, and structures
Temporary living expenses
Vehicles (check with your car insurance policy)
Remember that this is a brief overview of what Flood Insurance is, and it is highly advised to continue researching and reaching out to insurance agents to help you understand flood and home insurance policies better. If you are still struggling to find the best flood insurance and/or the top Florida homeowners insurance companies, then contact a Get-a-Quote professional today. Get-a-Quote is an excellent insurance shopping tool that provides you a personal touch on your insurance research journey through human interaction.
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