At Wiglesworth - Rindom Insurance Agency we repeatedly hear, “Floods don’t happen around here”. For many people, pictures of flooded streets and videos of motorists getting rescued from rushing waters haven’t necessarily translated into an awareness about the danger of flooding. These people fool themselves into thinking that, “A flood couldn’t happen to me; I don’t live near the water,” not realizing that 20% of flood insurance claims originate in low to moderate risk areas and that their risk from flood is likely greater than their risk of fire.
Others believe that even if they were victims of a flood, the federal government would step in and help them rebuild, not realizing that even when this is the case it is only in the form of loans that must be repaid.
Many Florida homeowners think coverage for flooding is included in their homeowners insurance policy because many of the events that cause floods cause other damages that ARE covered under a homeowners insurance policy. For instance, a hurricane may cause wind damage to your home that is covered in your policy, but it may also cause normally dry land to be temporarily inundated by water, which could run into your house and damage your floors and furniture. Those are flood waters and they will only be covered if you have a flood policy.
In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it's already too late. You will not be insured if you buy a policy a few days before a flood.
Our Wiglesworth - Rindom Insurance Agents can help you understand the basics about flood insurance, determine whether your home is in a flood zone of low-, moderate- or high-risk and obtain the best possible coverage for a competitive price. Call us at 561-637-2424 or fill out an online Florida flood insurance quote form and we'll get in touch with you.