Most homeowner's and renter's insurance policies do not cover flood damage. It is important to know what your insurance options are and what the flood risk is in your area in order to protect your home. 

How Important Is Flood Insurance to Me? 

Flood insurance is essential for residents of flood-prone zones. Floods can occur in inland areas as well - such as in areas where melting snow, a pond or creek overflows, or water is running down a steep slope that fills your house with water.

Renters, like homeowners, can purchase flood insurance, but it must be purchased separately since, like tornado insurance, flood insurance is not included in standard homeowner policies. Private and public insurers offer flood insurance. Before flooding season starts, you should consider buying flood insurance since most policies require 30-day waiting periods.

What Is the Process for Obtaining Flood Insurance?

It is provided through a program operated by the Federal Emergency Management Agency (FEMA). Private insurance companies typically sell NFIP policies, but the government underwrites them. 

• Through the NFIP, you can insure up to $250,000 of the structure of your home and $100,000 of your personal property.
• If your home suffers severe flooding, your NFIP policy will pay to rebuild it to its original condition.
• The NFIP covers the actual cash value of your possessions. 
• In addition, basement items may not be covered by NFIP.

Certain areas may offer flood insurance through two types of private insurers.

1. Many private insurance companies are now offering flood insurance with first-dollar coverage. The coverage is comparable to the NFIP policy but offers greater levels of protection. Get in touch with your insurance professional to learn more.
2. Excess flood insurance coverage may be obtained by residents of communities not covered by the National Flood Insurance Program (NFIP). 

Knowing whether or not your home is at risk for flooding is a good idea. You should also check your landscaping to see if it could cause flooding if a heavy storm occurs. Flooding can occur for a variety of reasons, but having the right insurance coverage can save you both money and time. 

It doesn't matter whether the damage was caused by a storm or another disaster, All Services Adjusting of Naples has the solution. Get started with our restoration process by getting in touch with us today.