The most common thought after experiencing a flood is, “I never thought it could happen to me!”
If you are in a high risk flood zone, your home or business is 26 more times likely to experience a flood than a fire.
Floods are a true force of nature with the power to sweep away everything in their path. They can strike anywhere, at any time, and they do not stay in one place. Everyone is at risk for a flood, even if you don’t live near a body of water. And when it strikes, you can lose everything that you’ve spent a lifetime building.
Flood insurance in Florida is INCREDIBLY affordable. Flood damage is not. Let Harry Levine Insurance connect you with a flood insurance policy to protect your home and your savings.
Flood Insurance Coverage Is For Everyone
The Federal Emergency Management Agency (FEMA) has designated certain areas of the country as flood zones.
Flood zones are more likely to experience flooding during times of heavy rainfall. But living outside of a flood zone does not make you immune to this natural disaster.
Most people tend to underestimate the risk of flooding. But according to FEMA, 30% of all flood insurance claims occur in low to moderate risk areas.
In fact, 90% of all natural disasters in this country involve flooding, according to the National Flood Insurance Program (NFIP).
Flood zone maps are constantly fluctuating and evolving. New commercial and residential communities (especially here in Florida!) can affect the ground’s ability to absorb excess water. So that “low hazard” area you moved into years ago may be the perfect place for a flood now.
Floods don’t obey maps. Is that a risk you’re willing to take?
At Harry Levine Insurance, we can get a flood hazard determination for your property in a matter of minutes.
Your Homeowners Policy Is Not Enough
Your home insurance policy may cover water damage from things like burst pipes but it doesn’t cover floods.
Instead, you must purchase a separate flood insurance policy. The National Flood Insurance Program (NFIP) oversees the country’s flood insurance program, making it possible for homeowners, renters, and business owners to obtain affordable coverage.
This program offers various flood coverage options, depending on your property’s location. For the average home in a “low risk” flood plain, premiums may be as low as $200 a year!
In the past, flood insurance was only available through the NFIP, but private market options are now available and can often be added to your existing homeowners insurance policy.
If you are purchasing a home, look into flood insurance as soon as possible. Your insurance costs (including flood coverage) should be calculated into the cost of your home, and purchasing flood insurance in conjunction with your home allows you to waive the standard 30-day waiting period before coverage kicks in.
Your Flood Insurance Experts
Without a separate flood insurance policy, you will have to rely on your own savings and meager federal assistance.
Few Floridians are aware that only 3% of flood disasters qualify for federal assistance and the average grant is only $3,300 (to be used on food, clothing, and other basic needs). Further, FEMA loan assistance is only available on declared national emergencies and must be repaid.
Floods cost Americans upwards of $150 billion in 2020, and insurance is the best way to protect yourself against devastating financial damage.
Between hurricane season, summer thunderstorms, and our underground aquifer system, floods are a constant risk. Harry Levine Insurance offers the flood insurance Florida needs to stay safe.
Don’t wait for hurricane season to investigate your flood insurance options! Call or visit our offices today if you would like to purchase flood insurance in Florida or update an existing policy.