Flood Insurance

While that is a broad statement to make, there is truth to it. If your home or business is located in a low to moderate flooding area, you may experience less frequent flooding than a house or business in a high risk for flooding potential.  But there is still a risk. 

According to the FEMA website, more than 20% of the National Flood Insurance Program claims come from low to moderate flooding areas. 

Flooding can be caused from:

• Mudflows
• Collapse of land alongside a body of water due to water currents
• Heavy rainfall
• Overflow of lakes, creeks, rivers 
• Overflow of coastal waters
• Hurricanes

No, Flood Insurance protection is NOT included under either a business property insurance, home insurance, nor renters insurance policies. 

It is a separate policy, and it does not go into effect immediately.  There is a waiting period of 30 days on the application before it becomes an active policy. 

Which means, if a hurricane or severe storming is fast approaching your business or home, it is too late to get a flood insurance plan until the danger has passed by.

With the National Flood Insurance Program, as a homeowner or business owner, you can select the amount of coverage needed on your structure and also your belongings.  If you are leasing/renting a home, apartment, office space and do not own the building, you can select the amount of coverage needed on the items which belong to you within the structure.

Commercial business owners can insure their building up to $500,000 and $500,000 on contents.  While homes, including condos, can insure their structures for up to $250,000 and for up to $100,000 on contents.  This may seem minimal coverage limits, but this at least provides some form of protection and funding available to rebuild versus all out-of-pocket. 

Here are a few items covered under building:

• Building structure and its foundation
• Electrical, plumbing systems
• Large appliances
• Permanently installed carpeting

Here are a few examples of items protected under Contents coverage (this coverage is NOT automatically included when you purchase building coverage):

• Everything that belongs to you -- from clothing to your furnishings
• Rugs 
• Washers and Dryers
• Food freezers and what is inside them

Contact Consultative Insurance Group today to receive a free flood insurance quote on your home or business!  It's really easy!

To get started, provide the following information to our team:

• Your Name,
• Telephone number/email 
• Your business or home physical address.