How to Protect Your Home With Flood Insurance

As a Florida homeowner, you may enjoy abundant sunshine and warm weather for much of the year. However, the region’s climate also brings the risk of severe weather conditions. Hurricanes, heavy rains and storm-related events can quickly lead to rising floodwaters, which may seep into your home and cause extensive damage. Even a small amount of water can significantly impact your property and finances, highlighting the importance of securing appropriate flood insurance coverage.

What Is Flood Insurance?

Flood insurance is a specialized form of coverage designed to protect homeowners from the financial impact of flooding. Whether caused by heavy rainfall, overflowing waterways, breached dams and levees, or other events, having the right policy is essential. It’s important to be aware of coverage gaps, as standard homeowners insurance policies typically exclude flood-related damages, making separate flood coverage necessary.

How Can My Policy Cover Losses?

A flood policy can help pay for various losses and expenses caused by floodwater. Specifically, your coverage may help assist with the following:

• Building damage, such as to walls, floors, attached fixtures (e.g., cabinets), and essential systems such as plumbing and electrical components
• Possession losses, such as if floodwaters damage, destroy or sweep away your belongings
• Cleanup costs, such as if receding waters leave behind contaminated materials or debris for which you require assistance to remove

Where Can I Get Flood Insurance?

This insurance has traditionally been acquired through the Federal Emergency Management Agency’s National Flood Insurance Program (NFIP). However, the private flood insurance market has expanded significantly in recent years. Advances in risk mapping and modeling technologies have given private insurers greater confidence in underwriting flood risk. Private flood policies may offer higher coverage limits and more customization opportunities than what is available through the NFIP.

We’re Here to Help

Contact Wiglesworth-Rindom Insurance Agency in Stuart, FL, today to learn more about flood coverage or compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.