For When it Storms, Be Ready with Flood Insurance
Floods are the #1 natural disaster in the United States, and many homeowners think their homeowners insurance covers damages caused by rising water. While this is not the case, the good news is, flood insurance fills that gap in coverage.
And because even a few inches of water can cause thousands of dollars in damages, flood insurance is a smart move for any homeowner.
Flood coverage offers protection against losses from heavy and/or lengthy rain falls, storm surges, blocked storm drainage systems, and any other form of rising water.
The flooded area must be a partial or complete inundation of two or more acres of normally dry land, or effect two or more properties.
Based on your property’s location and flood history, two different types of policies are available: standard and preferred risk. Just because your home is not in a high-risk flood zone does not mean you will never flood. The majority of Florida residents are at risk of flooding based on our elevation and proximity to the shore lines.
When Should I Purchase Flood Insurance?
All flood policies have a 30-day waiting period before coverage is in effect. Contact Wallace Welch & Willingham today to get the protection you need.