If you live in an area that is prone to flooding, you will likely want to get some kind of insurance coverage. Since this type of insurance is not part of standard homeowners’ insurance, it will need to be purchased separately. You may even be required to have flood insurance if you have a mortgage and live in a flood zone. It is crucial to understand different types of coverage and what is included in the policy when purchasing insurance. Singh Insurance and Financial Services, LLC of Clermont, FL can help you choose a policy that will help cover damages and loss of valuable possessions.
Coverage for Your Possessions
Floods can devastate your home, and high-value possessions are susceptible to loss and damage in the event of this disaster. The best reason to get private insurance is that claim limits can be higher. If you have many valuable possessions and they are worth $100,000 or more, this type of insurance can make good sense.
Shorter Wait Time
Another reason that choosing a private insurance company can be beneficial is that the wait time can be shorter for insurance to become active. Typically, private insurance is effective 14 days from purchase, whereas the government NFIP insurance can take 30 days to activate.
Choosing the Right Policy
You can get flood insurance in two ways: through the National Flood Insurance Program and a private insurer. There are pros and cons to consider, so it is best to learn about these types of insurers.
If you are in need of quality flood insurance, the agents at Singh Insurance and Financial Services, LLC of Clermont, FL are here to help. Give us a call today to set up an appointment with one of our representatives.