Getting Flood Insurance

A house is so much more than wood and stone, it is a foundation for a future. It is the walls that protect a family. It is something that we can’t really put a price on, even though investors, real estate agents, and inspectors can. Which works out because when it comes time to file an insurance claim, ‘priceless’ isn’t an amount they cover. We don’t like to think that our home might be damaged by some uncontrollable calamity such as a hurricane or flood, but living in Florida it is always a possibility.

Worst yet, many homeowners are not properly insured for these disasters. They think they are, but if they check their insurance policy, or ask about them after the disaster, they are going to be disappointed. Many people think that their homeowner’s insurance covers flood damage, not knowing flood damage is not just one separate policy, but two of them.

One policy covers flood damage to the building itself, up to $250,000 and the other covers flood damage to property inside the home up to $100,000. They don’t come together, you have to request both of them to be added to your plan. If you feel you are going to need more than $250,000 and $100,000 than you can request it through a private company. The basic plans are offered through the National Flood Insurance Program (NFIP) which is managed by the Federal Emergency Management Agency (FEMA).

Luckily the average cost of flood insurance is $700 a year, though it could be less if you are in a low-risk area. That averages to about $60 a month, which isn’t really much for the protection that you get. It seems even less when you are getting your home repaired after a hurricane sweeps two feet of water into your living room. Being in the path of a busy hurricane season, there is no time like now to get a quote for flood insurance. Waste no time and contact O’Quinn Insurance Agency today at (386) 516-5721.