When it Storms, be Ready with Flood Insurance
Flood is the natural disaster that occurs most often in the United States. Florida residents in particular are at an increased risk of flooding because of elevation and proximity to shore lines. Many homeowners believe their homeowners insurance covers damages caused by rising water, but this is not the case. Luckily, flood insurance fills that gap in coverage.
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. Even a few inches of water can cause thousands of dollars in damages, so flood insurance is a smart move for any homeowner.
The flooded area must be a partial or complete inundation of two or more acres of normally dry land or affect two or more properties.
Based on your property’s location and flood history, two different types of policies are available: standard and preferred risk.
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.