![]() We can help you get flood insurance to protect your home and financial livelihood and give you peace of mind if a flood alert is issued. can help you decide on the flood insurance that best meets your needs and if you’re eligible to buy FEMA flood insurance.įloodwaters can damage your home, sense of security and financial future. ![]() Advance Insurance of Northwest Florida Inc. Your flood insurance premium depends on your property and location. How Much Does a Flood Insurance Policy Cost? If the weather forecast announces a flood alert in Florida and you attempt to buy a policy, it’s too late you can’t be insured just a few days before a flood. If a flooding disaster happens, you should be reimbursed for your covered losses-and unlike federal aid, you don’t need to repay it.Ī flood insurance policy doesn’t take effect until 30 days after you buy coverage. You can buy flood insurance through your insurer. There may also be coverage for debris removal costs, loss avoidance and cost of compliance. There are two types of coverage: structure insurance, which protects the home, and contents coverage, which insures the belongings inside. If your community participates in the NFIP, you might be able to purchase an NFIP plan, available through major insurers and the NFIP Direct system. ![]() The National Flood Insurance Program (NFIP) underwrites most flood insurance plans, but Florida residents may also buy a policy from a private insurer. If they choose not to buy flood insurance, they typically will not qualify for future a id. They live in a high-risk flood zone and have received disaster assistance through FEMA or the U.S. Their lender requires them to purchase flood insurance regardless of whether they live in a high-risk zone. ![]() They live in a designated high-risk flood zone and have a mortgage backed by a federally insured lender. Florida homeowners may be required to purchase flood insurance if: Contact your insurance broker to purchase a flood insurance policy if you haven’t already done so.ĭepending on your level of risk, flood insurance can be vital to your recovery after a flooding event. Many homeowners believe their homeowners insurance ensures against floods, but they need to buy separate flood insurance to have flood protection. These occurrences often cause significant property damage. In fact, of the 292 hurricanes that have hit the United States since 1851, 120 of these tropical storms made landfall in Florida. Florida residents may enjoy more sunshine and warmer weather than other parts of the country, but they also face regular flooding threats. ![]()
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