If you live in Florida, you’re likely well aware of the risk of flooding. The area is prone to severe weather, and even a heavy rainstorm can lead to flooding. That’s why it’s so important to have a flood insurance policy in place.
What is Flood Insurance?
Flood insurance is a type of insurance that covers damage caused by flooding. It’s important to note that standard homeowners’ insurance policies do not cover flood damage. That’s why purchasing a separate flood insurance policy is essential if you live in an area prone to flooding.
Your Singh Insurance and Financial Services LLC representative can help determine whether you need flood insurance and, if so, how much coverage to purchase.
What Does Flood Insurance Cover?
A flood insurance policy will cover damage caused by flooding up to the policy’s limit. That includes damage to your home, personal belongings, and even vehicles. It’s important to note that flood insurance does not cover damage caused by storms or other weather events.
How Much Does Flood Insurance Cost?
The cost of flood insurance depends on several factors, including the value of your home and the amount of coverage you purchase. However, flood insurance is relatively affordable, especially considering the cost of repairing or rebuilding your home if a flood damages it.
Doesn’t Homeowner’s Insurance Cover Flooding in Florida?
No, homeowner’s insurance does not cover flooding. You must purchase a separate flood insurance policy to be protected from flood damage. It only takes a few inches of water to cause severe damage to your home, so don’t wait until a flood is imminent to purchase flood insurance.
If you have questions about flood insurance or if you’d like to purchase a policy, don’t hesitate to get in touch with Singh Insurance and Financial Services LLC.